Loop Capital Initiates Coverage On Klaviyo with Buy Rating, Announces Price Target of $40
Portfolio Pulse from Benzinga Newsdesk
Loop Capital analyst Yun Kim has initiated coverage on Klaviyo (NYSE:KVYO) with a Buy rating and set a price target of $40 for the company's stock.
December 08, 2023 | 10:22 am
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Loop Capital has initiated coverage on Klaviyo with a Buy rating and a price target of $40, indicating a positive outlook for the stock.
The initiation of coverage by an analyst with a Buy rating typically suggests a positive outlook on the stock, which can lead to increased investor interest and potentially drive the stock price up in the short term. The price target of $40 set by Loop Capital indicates a level that the analyst believes the stock will reach, further suggesting upside potential from the current market price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100