Klaviyo Poised To Capture Market Share In 'Sizable Digital Marketing Space': Analyst
Portfolio Pulse from Priya Nigam
Klaviyo Inc (NYSE:KVYO) is positioned to capture market share in the digital marketing space, according to Stifel analyst Parker Lane, who initiated coverage with a Buy rating and a $45 price target. The company's marketing automation platform is expected to drive revenue growth through personalized messaging, benefiting from the shift to e-commerce.
October 22, 2024 | 4:32 pm
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Stifel analyst Parker Lane initiated coverage of Klaviyo with a Buy rating and a $45 price target, highlighting its potential to capture market share in digital marketing. The company's platform is expected to drive revenue growth through personalized messaging, benefiting from the shift to e-commerce.
The analyst's Buy rating and price target suggest a positive outlook for Klaviyo's stock. The company's platform is well-positioned to benefit from the growing digital marketing space and e-commerce trends, which could drive stock price appreciation.
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