Fintel reports that on April 16, 2024, Cantor Fitzgerald initiated coverage of Klaviyo (NYSE:KVYO) with a Overweight recommendation.
Analyst Price Forecast Suggests 61.21% Upside
As of March 31, 2024, the average one-year price target for Klaviyo is 38.37. The forecasts range from a low of 31.31 to a high of $44.10. The average price target represents an increase of 61.21% from its latest reported closing price of 23.80.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Klaviyo is 908MM, an increase of 30.03%. The projected annual non-GAAP EPS is 0.44.
What is the Fund Sentiment?
There are 230 funds or institutions reporting positions in Klaviyo. This is an increase of 8 owner(s) or 3.60% in the last quarter. Average portfolio weight of all funds dedicated to KVYO is 0.70%, a decrease of 16.10%. Total shares owned by institutions increased in the last three months by 6.17% to 82,988K shares. 
The put/call ratio of KVYO is 0.72, indicating a bullish outlook.
What are Other Shareholders Doing?
Summit Partners L P holds 47,742K shares representing 18.28% ownership of the company. In it's prior filing, the firm reported owning 49,512K shares, representing a decrease of 3.71%. The firm decreased its portfolio allocation in KVYO by 17.35% over the last quarter.
Clearbridge Investments holds 2,174K shares representing 0.83% ownership of the company. In it's prior filing, the firm reported owning 1,864K shares, representing an increase of 14.25%. The firm decreased its portfolio allocation in KVYO by 36.54% over the last quarter.
Alliancebernstein holds 1,889K shares representing 0.72% ownership of the company. In it's prior filing, the firm reported owning 1,572K shares, representing an increase of 16.80%. The firm decreased its portfolio allocation in KVYO by 12.44% over the last quarter.
Jpmorgan Chase holds 1,858K shares representing 0.71% ownership of the company. In it's prior filing, the firm reported owning 1,513K shares, representing an increase of 18.57%. The firm decreased its portfolio allocation in KVYO by 13.89% over the last quarter.
Goldman Sachs Group holds 1,472K shares representing 0.56% ownership of the company. In it's prior filing, the firm reported owning 429K shares, representing an increase of 70.84%. The firm decreased its portfolio allocation in KVYO by 34.94% over the last quarter.
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