Needham Keeps Buy Rating on Klaviyo (KVYO), Highlights Strong Core Metrics, Successful Segment Execution

Klaviyo Inc. (NYSE:KVYO) is one of the best growth stocks to buy for the next 20 years. On February 11, Needham analyst Scott Berg lowered the firm’s price target on Klaviyo to $30 from $45 but maintained a Buy rating following a very strong Q4 2025 earnings report. The company achieved high-end revenue outperformance fueled by robust sales and customer expansion during the holiday season. The analyst highlighted that despite the price target reduction, Klaviyo’s core metrics remain strong, reflecting successful execution in both its mid-market and enterprise segments.

Stifel lowered its price target on Klaviyo to $35 from $40 with a Buy rating. The firm noted that the company delivered a strong beat and raise for Q4, which should help counter recent negative market sentiment. However, the firm reduced the target to account for multiple compression despite the company’s robust financial performance and raised 2026 outlook.

Furthermore, Canaccord lowered its price target on Klaviyo Inc. (NYSE:KVYO) on the same day to $32 from $45 but maintained a Buy rating, suggesting that investor fears regarding AI disruption are overshadowing the company’s strong performance. Despite market concerns, the firm noted that Klaviyo continues to execute effectively, highlighted by steady new customer growth, a 12% increase in ARPU due to mid-market success, and accelerated expansion following the launch of its B2C CRM.

Klaviyo Inc. (NYSE:KVYO) provides a cloud-based software-as-a-service platform in the US, the rest of the Americas, the Asia-Pacific, the UK, the rest of Europe, the Middle East, and Africa.

While we acknowledge the potential of KVYO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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