Klaviyo stock gains Buy rating from Goldman Sachs, targeting $26 amid 30% post-earnings decline and 27.9% revenue growth.
Goldman Sachs initiated coverage of Klaviyo Inc (KVYO) with a Buy rating and a $26 price target, implying 54% upside from current levels. The firm cited the stock’s 30% decline after Q1 earnings, driven by CFO departure and uncertainty over sequential trends, as a buying opportunity.
Klaviyo’s revenue growth remains robust at 27.9% year-over-year, supported by its cloud-based SaaS platform serving SMEs and enterprises. The stock trades at a forward P/E of 20.66, with a consensus 1-year median price target of $30, reflecting 77.41% upside potential.
The analyst highlighted Klaviyo’s exposure to growth drivers, reinforcing its strong underlying business despite recent volatility.