Barclays Maintains Equal-Weight on Klaviyo, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Equal-Weight rating on Klaviyo (NYSE:KVYO) but reduced the price target from $37 to $32.
January 12, 2024 | 11:05 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Barclays has maintained an Equal-Weight rating on Klaviyo but lowered the price target from $37 to $32, indicating a potential downside or slower growth expectation.
The reduction in price target by Barclays reflects a more conservative valuation or expectation of Klaviyo's future performance, which could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100