Stifel Lowers Klaviyo (KVYO) Target to $40 from $42 on Conservative 2026 Outlook

Core Viewpoint - Klaviyo, Inc. (NYSE:KVYO) is recognized as a promising mid-cap stock by hedge funds, despite a recent price target reduction by Stifel from $42 to $40 due to a conservative outlook for 2026 [1][2] Financial Performance - Klaviyo reported Q3 2025 revenue of approximately $310.9 million, reflecting a 32% year-over-year growth, with earnings per share (EPS) of $0.18, surpassing the consensus estimate of around $0.14 [2][3] - The significant revenue growth is attributed to the company's expansion into mid-market and enterprise customers, with international markets, particularly EMEA and APAC, contributing to a 43% year-over-year revenue increase [3] Strategic Initiatives - Klaviyo is focusing on expanding its platform in areas such as Agents, Service, and Marketing Analytics, which are starting to yield positive results and set the stage for sustained profitable growth [2]