AnalystConsensusTarget updated the narrative for KVYO

Klaviyo’s analyst price target has been revised downward by analysts from approximately $45.81 to $44.82 per share. This reflects recent caution around revenue growth prospects and lower profit margin expectations.

Analyst Commentary

Recent analyst reports on Klaviyo highlight a mix of optimism regarding the company's growth strategy and caution about near-term uncertainties. The following subsections detail the prevailing bullish and bearish perspectives among research analysts covering the stock.

• Bullish analysts see Klaviyo’s expansion beyond email marketing as a key opportunity. They cite the company’s move into broader customer relationship management as a driver of long-term market growth.
• Sustained revenue growth, notably over 20% annually, is expected to continue. Some forecasts indicate the potential to surpass consensus compound growth targets between fiscal years 2025 and 2028.
• Efficient execution, as demonstrated by profitable growth and positive cash flow in recent quarters, underpins confidence in Klaviyo’s ability to deliver attractive returns for investors even amid macroeconomic uncertainties.
• Current valuations are considered attractive. The risk/reward profile is perceived to skew positively, especially as fears related to AI competition appear already factored into the stock price.

• Bearish analysts point to the lack of long-term or fiscal year 2028 revenue guidance as a source of uncertainty. This has prompted reductions in several price targets.
• Competitive pressure from AI-driven tools, particularly in marketing automation, is expected to challenge both Klaviyo and its peers. This could potentially weigh on growth and market share.
• Recent cautious sentiment stems from downward revisions to revenue and profit margin expectations. There are also concerns following investor events where management omitted specific targets.
• Macroeconomic factors and uncertainties surrounding the company’s ability to maintain strong international growth rates contribute to more conservative outlooks.

What's in the News

• Klaviyo launched its AI-first B2C CRM platform with Marketing Agent and released Customer Agent, offering automated campaign management and 24/7 personalized customer support to brands. (Product-Related Announcements)
• Directors and major stockholders are subject to a lock-up period for various securities, including warrants, stock options, restricted stock units, and common stock. This period ends on October 13, 2025. (End of Lock-Up Period)
• Klaviyo completed a follow-on equity offering by issuing 6,500,000 shares of Series A common stock and raising approximately $195 million. (Follow-on Equity Offerings)
• The company issued new guidance for Q3 and full year 2025, projecting quarterly revenue between $297 million and $301 million, and annual revenue between $1.195 billion and $1.203 billion. These projections represent growth rates of 26% to 28%. (Corporate Guidance)
• Klaviyo recently hosted an Analyst/Investor Day to highlight its strategies and performance. (Analyst/Investor Day)

Valuation Changes

• Consensus Analyst Price Target: The fair value estimate has fallen slightly, from $45.81 to $44.82 per share.
• Discount Rate: The discount rate has risen marginally, moving from 8.46% to 8.46%.
• Revenue Growth: Projected revenue growth has declined modestly, from 21.59% to 21.24%.
• Net Profit Margin: The net profit margin estimate has fallen significantly, dropping from 4.55% to 2.57%.
• Future P/E: The multiple has increased substantially, rising from 243.0x to 425.6x.