Klaviyo Inc. (NYSE:KVYO) is one of the 10 technology stocks offering more than 50% upside.
On May 7, Piper Sandler reduced the firm’s price target on Klaviyo Inc. (NYSE:KVYO) from $30 to $26 while maintaining an Overweight rating
The revision results in an adjusted upside potential of more than 64%. Copyright: kgtoh / 123RF Stock Photo The firm observed a bearish trend in the stock despite the first quarter’s decent sales performance. This is primarily driven by the news that CFO Amanda Whalen plans to leave in August, the fact that the revised guidance will be more precise, and the assertion that Klaviyo will take on telco carrier expenses instead of passing them on to the customers.
On May 7, KeyBanc updated its coverage on Klaviyo Inc. (NYSE:KVYO), reducing the firm’s price target from $40 to $35. The firm maintained an Overweight rating on the shares, noting that the digital marketing provider started the year by exceeding its initial forecasts and raising guidance. KeyBank highlighted that the outperformance was smaller than what investors typically expect from the company.