Klaviyo (NYSE:KVYO) Price Target Cut to $23.00 by Analysts at Piper Sandler

Key Points

• Piper Sandler lowered Klaviyo’s price target from $26 to $23 while maintaining an “overweight” rating, implying roughly 18% upside from the stock’s $19.48 opening price. Analysts overall maintain a “Moderate Buy” consensus with an average target of $29.45.
• Klaviyo’s second-quarter revenue rose 26.4% year over year to $370.6 million, exceeding estimates, while adjusted EPS of $0.19 met expectations. Third-quarter revenue guidance of $377 million to $381 million was broadly in line with analyst forecasts.
• Management emphasized momentum in its AI-focused autonomous B2C CRM strategy and agreed to acquire the team and technology of AI customer-success startup Agency. The company also reported recent insider selling, with insiders selling 649,863 shares worth about $9.5 million over 90 days.

Klaviyo (NYSE:KVYO - Get Free Report) had its price target lowered by stock analysts at Piper Sandler from $26.00 to $23.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's price target points to a potential upside of 18.05% from the stock's current price.

Several other analysts have also commented on KVYO. Morgan Stanley set a $34.00 price target on shares of Klaviyo in a research report on Wednesday, April 29th. Jefferies Financial Group reiterated a "buy" rating and set a $21.00 price objective on shares of Klaviyo in a research note on Thursday. BTIG Research lowered their target price on shares of Klaviyo from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday. Benchmark cut their price target on shares of Klaviyo from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Wednesday, May 6th. Finally, Cantor Fitzgerald reduced their price target on Klaviyo from $35.00 to $28.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $29.45.

Klaviyo Stock Up 2.0%

Shares of KVYO stock opened at $19.48 on Thursday. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of -486.95 and a beta of 0.54. Klaviyo has a 52-week low of $12.53 and a 52-week high of $36.76. The company's 50 day moving average is $16.18 and its 200 day moving average is $17.99.

Klaviyo (NYSE:KVYO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. The business had revenue of $370.58 million for the quarter, compared to the consensus estimate of $362.08 million. Klaviyo had a positive return on equity of 4.16% and a negative net margin of 0.66%.The business's revenue was up 26.4% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. Analysts anticipate that Klaviyo will post 0.25 EPS for the current fiscal year.

Insider Activity at Klaviyo

In related news, CFO Amanda Whalen sold 14,000 shares of the firm's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $13.23, for a total value of $185,220.00. Following the completion of the transaction, the chief financial officer owned 852,192 shares in the company, valued at $11,274,500.16. This trade represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ledger Susan St. sold 9,334 shares of Klaviyo stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $14.27, for a total value of $133,196.18. Following the sale, the director directly owned 10,939 shares of the company's stock, valued at approximately $156,099.53. This represents a 46.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 649,863 shares of company stock valued at $9,521,105 in the last ninety days. Company insiders own 37.42% of the company's stock.

Institutional Trading of Klaviyo

Several large investors have recently made changes to their positions in KVYO. Caitong International Asset Management Co. Ltd increased its stake in shares of Klaviyo by 1,650.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 963 shares of the company's stock worth $27,000 after acquiring an additional 908 shares during the period. Optiver Holding B.V. purchased a new stake in Klaviyo during the first quarter worth $39,000. Quarry LP acquired a new position in Klaviyo in the 3rd quarter worth about $44,000. Osaic Holdings Inc. lifted its position in shares of Klaviyo by 317.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,689 shares of the company's stock valued at $55,000 after buying an additional 1,284 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Klaviyo by 2,085.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,802 shares of the company's stock valued at $74,000 after purchasing an additional 3,628 shares in the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Klaviyo

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Klaviyo reported second-quarter revenue of $370.6 million, up 26.4% year over year and above analysts’ $362.1 million estimate. Adjusted earnings of $0.19 per share matched expectations and improved from $0.16 a year earlier. Klaviyo second-quarter earnings report
• Positive Sentiment: Management highlighted momentum in its autonomous B2C CRM strategy, including adoption of its Composer and Customer Agent products. The company said its real-time customer data infrastructure is helping support AI-driven consumer experiences. Klaviyo Q2 results and autonomous CRM strategy
• Positive Sentiment: Klaviyo agreed to acquire the team and technology of Agency, an AI-native customer-success startup founded by Elias Torres. Torres will become Klaviyo’s chief product officer and lead its agent product line, potentially accelerating product development; financial terms were not disclosed. Klaviyo Agency acquisition
• Neutral Sentiment: Third-quarter revenue guidance of $377 million to $381 million broadly brackets the $378.6 million analyst estimate, while full-year revenue guidance of approximately $1.5 billion was in line with consensus. The available guidance did not include an EPS figure. Klaviyo Q2 earnings estimates
• Neutral Sentiment: The earnings release met profit expectations rather than exceeding them, so the positive market reaction appears primarily tied to the revenue beat, sustained growth, and AI strategy rather than an upside EPS surprise. Klaviyo key earnings metrics

Klaviyo Company Profile

Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company's platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo's core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.

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