Professional
Added to YB: 2024-08-15
Pitch date: 2024-08-08
KVYO [bullish]
Klaviyo, Inc.
-38.65%
current return
Author Info
No bio for this author
Company Info
Klaviyo, Inc. provides a cloud-based software-as-a-service platform in the United States, rest of the Americas, the Asia-Pacific, the United Kingdom, rest of Europe, the Middle East, and Africa.
Market Cap
$5.4B
Pitch Price
$29.57
Price Target
33.00 (+82%)
Dividend
N/A
EV/EBITDA
-159.52
P/E
-162.72
EV/Sales
3.62
Sector
Software
Category
growth
Klaviyo’s Q2 Outperformance Leads to KeyBanc Upgrade: $33 Price Target Reflects Robust Growth
KVYO: KeyBanc upgrades to Overweight, $33 PT. Q2 revenue growth accelerated to 35%, bucking industry trend. Record net-new $50K+ customers. Int'l growing ~40%, EMEA 45%. Strengths: upmarket expansion, int'l growth (esp. EMEA), product localization, SMS attach. Outperforming peers in tough front office software cycle.
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