Baird Lowers Klaviyo (KVYO) Price Target Amid Revenue Concerns
Baird has reduced its price target for Klaviyo (KVYO) from $44 to $39, while maintaining an Outperform rating on the stock. The firm's decision is reportedly driven by concerns stemming from the company's revenue target omission at its recent analyst day.
Analyst Concerns Regarding Revenue Guidance
The lowered price target reflects Baird's apprehension regarding Klaviyo's revenue outlook. The absence of a specific revenue target during the company's analyst day has seemingly fueled uncertainty and prompted the revision. Analysts are carefully monitoring the company's performance and future guidance.
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