Piper Sandler Initiates Coverage On Klaviyo with Overweight Rating, Announces Price Target of $38
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has initiated coverage on Klaviyo (NYSE:KVYO) with an Overweight rating and a price target of $38.
October 16, 2023 | 8:16 am
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Piper Sandler has initiated coverage on Klaviyo with an Overweight rating and a price target of $38, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. An Overweight rating suggests that the analyst believes the stock will outperform its industry in the near term. The price target of $38 indicates the analyst's confidence in the stock's potential upside. This news is likely to be perceived positively by the market, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100