Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - Jefferies initiated coverage on Klaviyo Inc (NYSE:KVYO) with a Buy rating and a $32.00 price target on Tuesday. The stock, currently trading at $26.20, has seen a significant decline of over 42% year-to-date, though InvestingPro data shows the company maintains strong liquidity with a current ratio of 4.95x.
The research firm expects Klaviyo’s growth to remain durable through 2028, projecting a compound annual growth rate of approximately 20% and revenue reaching about $2 billion by 2028.
Jefferies anticipates Klaviyo’s margins will improve to 15% by 2028 due to increased scale in the business.
The firm notes that Klaviyo stock has experienced a significant selloff in 2025 alongside many software peers due to artificial intelligence concerns, pushing the company’s valuation to approximately 4.6 times next twelve months revenue, near all-time lows.
While Jefferies acknowledges that the AI-related concerns will take time to resolve, it believes the risk-reward ratio for Klaviyo currently skews positively.
In other recent news, Klaviyo Inc has received attention from multiple financial analysts following its first investor day as a public company. Goldman Sachs reiterated its Buy rating with a $48.00 price target, emphasizing the company’s focus on accelerating product innovation, particularly in artificial intelligence. Truist Securities also maintained a Buy rating with a $45.00 price target, citing strong growth prospects and projecting growth above 20% while expecting steady margin and free cash flow expansion. TD Cowen continues to favor Klaviyo as a top SMIDCap pick, highlighting the company’s entrance into customer service and the release of a monetizing AI agent. Piper Sandler adjusted its price target for Klaviyo to $50.00 from $55.00, maintaining an Overweight rating and noting the company’s vision to evolve into an AI-assisted platform for retail brands. Benchmark reiterated its Buy rating and a $46.00 price target, citing Klaviyo’s AI capabilities as a key growth driver. These developments underscore the company’s strategic focus on AI and its potential for significant market expansion.
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