Stifel Nicolaus Issues Pessimistic Forecast for Klaviyo (NYSE:KVYO) Stock Price

Key Points

• Stifel Nicolaus lowered Klaviyo’s price target from $24 to $22 while maintaining a “buy” rating, implying 34.6% upside from the prior close. The analyst consensus remains “Moderate Buy,” with an average target of $28.90.
• Klaviyo shares fell 15.3% to $16.34. The decline comes despite quarterly revenue of $370.6 million, which exceeded expectations and grew 26.4% year over year, while adjusted EPS of $0.19 matched estimates.
• The company’s outlook was broadly in line with forecasts, including third-quarter revenue guidance of $377 million to $381 million and full-year 2026 revenue of about $1.5 billion. Klaviyo also highlighted momentum in its AI products and agreed to acquire the team and technology of startup Agency.

Klaviyo (NYSE:KVYO - Get Free Report) had its price target lowered by stock analysts at Stifel Nicolaus from $24.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price indicates a potential upside of 34.61% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group reaffirmed a "buy" rating and issued a $21.00 target price on shares of Klaviyo in a report on Thursday. KeyCorp cut their price target on Klaviyo from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. Cantor Fitzgerald decreased their price objective on shares of Klaviyo from $35.00 to $28.00 and set an "overweight" rating on the stock in a report on Wednesday, April 15th. Mizuho set a $28.00 price objective on shares of Klaviyo in a research report on Thursday. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Klaviyo in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $28.90.

Klaviyo Trading Down 15.3%

Shares of NYSE:KVYO traded down $2.96 during trading on Thursday, hitting $16.34. 2,819,283 shares of the company were exchanged, compared to its average volume of 5,373,768. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of -408.95 and a beta of 0.54. Klaviyo has a fifty-two week low of $12.53 and a fifty-two week high of $36.76. The firm has a fifty day moving average price of $16.18 and a two-hundred day moving average price of $17.99.

Klaviyo (NYSE:KVYO - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $370.58 million during the quarter, compared to analysts' expectations of $362.08 million. Klaviyo had a negative net margin of 0.66% and a positive return on equity of 4.16%. The firm's revenue was up 26.4% on a year-over-year basis. During the same period last year, the business earned $0.16 earnings per share. As a group, research analysts predict that Klaviyo will post 0.25 EPS for the current year.

Insiders Place Their Bets

In other Klaviyo news, CFO Amanda Whalen sold 14,000 shares of the business's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $13.23, for a total value of $185,220.00. Following the completion of the sale, the chief financial officer owned 852,192 shares of the company's stock, valued at $11,274,500.16. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Bialecki sold 212,529 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the transaction, the chief executive officer owned 212,529 shares in the company, valued at approximately $3,105,048.69. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 649,863 shares of company stock worth $9,521,105 in the last quarter. 37.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in shares of Klaviyo by 59.4% in the 1st quarter. Royal Bank of Canada now owns 10,008 shares of the company's stock valued at $303,000 after buying an additional 3,730 shares in the last quarter. Amundi boosted its position in shares of Klaviyo by 109.7% during the 1st quarter. Amundi now owns 14,361 shares of the company's stock worth $400,000 after acquiring an additional 7,514 shares in the last quarter. AQR Capital Management LLC bought a new position in Klaviyo in the first quarter valued at approximately $359,000. Woodline Partners LP raised its position in Klaviyo by 54.5% during the first quarter. Woodline Partners LP now owns 12,419 shares of the company's stock valued at $376,000 after purchasing an additional 4,379 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Klaviyo by 40.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 148,158 shares of the company's stock worth $4,483,000 after purchasing an additional 42,980 shares during the last quarter. Institutional investors and hedge funds own 45.43% of the company's stock.

Key Headlines Impacting Klaviyo

Here are the key news stories impacting Klaviyo this week:

• Positive Sentiment: Revenue exceeded expectations: Klaviyo reported second-quarter revenue of $370.6 million, above the $362.1 million consensus estimate and up 26.4% year over year. Adjusted earnings of $0.19 per share matched expectations and improved from $0.16 a year earlier. Klaviyo second-quarter earnings report
• Positive Sentiment: AI strategy gains momentum: Management highlighted adoption of its Composer and Customer Agent products, which support its autonomous B2C customer relationship management strategy. Klaviyo also agreed to acquire the team and technology of AI-powered customer-success startup Agency. The deal’s financial terms were not disclosed, and Agency co-founder Elias Torres is expected to become Klaviyo’s chief product officer. Klaviyo Agency acquisition announcement
• Neutral Sentiment: Forward revenue outlook was broadly in line: Klaviyo guided for third-quarter revenue of $377 million to $381 million, compared with the $378.6 million consensus estimate. Full-year 2026 revenue guidance of approximately $1.5 billion was also consistent with analyst expectations. The company did not provide a specific EPS outlook in the available guidance. Klaviyo Q2 earnings estimates
• Negative Sentiment: Analysts lowered price targets: Piper Sandler cut its target from $26 to $23 while maintaining an “overweight” rating. BTIG Research reduced its target from $30 to $25 but retained a “buy” rating. The cuts suggest analysts see less near-term upside, which is likely weighing on the stock despite their continued positive recommendations. Klaviyo analyst price-target revisions

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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