Barclays analyst Raimo Lenschow has revised the price target of Klaviyo (KVYO, Financial), reducing it from $51 to $35, while maintaining an Overweight rating on the stock. This adjustment comes in anticipation of Klaviyo's first-quarter earnings announcement.
The firm believes the first quarter will not serve as a significant catalyst for stocks within the U.S. software sector. According to the analyst's assessments, while performance indicators appear weaker, they are not catastrophic. The primary focus for investors will be on the company's forward-looking guidance.
Barclays suggests that it is unlikely for many software companies' management teams to significantly lower their forecasts given that the first quarter is typically less impactful. Consequently, the firm predicts that the market may remain in a state of uncertainty until the results of the second quarter are disclosed.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Klaviyo Inc (KVYO, Financial) is $48.85 with a high estimate of $60.00 and a low estimate of $34.00. The average target implies an upside of 90.46% from the current price of $25.65. More detailed estimate data can be found on the Klaviyo Inc (KVYO) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Klaviyo Inc's (KVYO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
