Morgan Stanley Maintains Equal-Weight on Klaviyo, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Elizabeth Porter has maintained an Equal-Weight rating on Klaviyo (NYSE:KVYO) but lowered the price target from $38 to $37.
February 28, 2024 | 5:55 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Klaviyo but lowers the price target from $38 to $37.
The reduction in price target by Morgan Stanley, despite maintaining the Equal-Weight rating, could signal a cautious outlook on Klaviyo's short-term price performance. This adjustment might lead investors to reassess their expectations for KVYO, potentially putting downward pressure on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100