The news of Barclays initiating coverage on Klaviyo with an Equal-Weight rating and a price target of $37 is directly relevant to Klaviyo. However, an Equal-Weight rating typically suggests that the stock is expected to perform in line with the market or other stocks in its sector, which doesn't necessarily indicate a significant short-term price movement. The price target of $37 provides a reference point for investors, but its impact on the stock's short-term price direction is uncertain.