Professional
Added to YB: 2024-06-13
Pitch date: 2024-06-12
KVYO [bullish]
Klaviyo, Inc.
+33.39%
current return
Author Info
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Company Info
Klaviyo, Inc., a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Market Cap
$8.7B
Pitch Price
$23.60
Price Target
29.00 (-8%)
Dividend
N/A
Sector
Software
Category
growth
Show full summary:
Klaviyo, Inc.: Growth, Valuation, and Potential for Rerating (Barclays)
KVYO: Fastest grower in Barclays software coverage at 25% CY25E YoY, trades in line with SaaS at 5x EV/CY25 sales despite growth. Klaviyo seen trading at steep discount to peers, with room to rerate to 8x sales. Barclays upgrades to Overweight with $29 PT on 7x EV/CY25 sales.
Read full article (1 min)