Klaviyo (KVYO): BTIG Notes Fast Growth Despite Scale

Core Viewpoint - Klaviyo, Inc. (NYSE:KVYO) is recognized as a rapidly growing software company with significant potential for investment, particularly in the context of its recent performance and future growth targets [2][3]. Group 1: Company Performance - Klaviyo reported third-quarter earnings for 2025, achieving earnings per share of $0.18, which exceeded expectations by $0.04 [3]. - The company's revenue for the same period was $310.88 million, reflecting a year-on-year increase of 32.2% and surpassing estimates by $11.04 million [3]. - The firm has set a revenue growth target of 21-22% for 2026, driven by rapid adoption of AI products and international expansion [3]. Group 2: Analyst Insights - BTIG analyst Nick Altmann initiated coverage of Klaviyo with a Buy rating and a price target of $40, highlighting the company's fast growth despite its scale [2]. - Concerns regarding retail/e-commerce and margin improvement have led to muted stock performance, but recent checks indicate opportunities for cross-selling to customers [2].