Klaviyo (KYVO) on 4-Day Losses as Analyst Downgrade Lingers

Core Insights - Klaviyo, Inc. (NYSE:KVYO) has experienced a decline in stock price, dropping 12.07% to $27.69, marking its fourth consecutive day of losses as investors reacted to a price target reduction by an investment firm [1][3] - Piper Sandler has set a new price target of $50 for Klaviyo, down from $55, following the company's first analyst day since 2023, where it presented its vision to transition into an AI-assisted platform [2][4] - Despite having over 176,000 customers, Klaviyo has only captured 1% of its potential market, indicating significant growth opportunities [3] Financial Performance - Klaviyo's fiscal 2028 operating margin is projected to be around 16%, which is below analyst expectations, primarily due to challenges in its SMS business [3] - Piper Sandler maintains an "overweight" rating on Klaviyo shares, suggesting a positive outlook despite the lowered price target [4] Market Position - The company is seen as having a promising vision, but there are concerns that other AI stocks may offer better returns with less risk [4]