Canaccord Genuity Maintains Buy on Klaviyo, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst David Hynes maintains a Buy rating on Klaviyo (NYSE:KVYO) but lowers the price target from $37 to $32.

May 09, 2024 | 6:55 pm
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Canaccord Genuity maintains a Buy rating on Klaviyo but lowers the price target from $37 to $32.
While the Buy rating reaffirms a positive outlook on Klaviyo, the reduction in the price target could signal a tempered expectation for the stock's short-term performance. This mixed signal might lead to neutral short-term price movement as investors digest both the continued endorsement and the lowered expectations.
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IMPORTANCE 75
RELEVANCE 100