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Wells Fargo Sticks to Their Buy Rating for Klaviyo, Inc. Class A (KVYO)

Tipranks - Wed Mar 18, 5:26AM CDT

Wells Fargo analyst Ryan MacWilliams maintained a Buy rating on Klaviyo, Inc. Class A yesterday and set a price target of $30.00. The company’s shares closed yesterday at $19.20.

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MacWilliams covers the Technology sector, focusing on stocks such as MongoDB, HubSpot, and Atlassian. According to TipRanks, MacWilliams has an average return of 8.9% and a 52.19% success rate on recommended stocks.

Currently, the analyst consensus on Klaviyo, Inc. Class A is a Strong Buy with an average price target of $34.06, a 77.40% upside from current levels. In a report released on March 8, Canaccord Genuity also maintained a Buy rating on the stock with a $32.00 price target.

Based on Klaviyo, Inc. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $350.2 million and a net profit of $7.03 million. In comparison, last year the company earned a revenue of $270.16 million and had a GAAP net loss of $26.97 million

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