Truist Cuts Klaviyo Target to $35, Cites Sector Valuation Pressure Despite Strong Quarter
Truist Securities trimmed its price target on Klaviyo Inc (KVYO) to $35 from $45 while keeping a Buy rating, attributing the reduction to sector-level valuation compression even as the company reported a strong fourth quarter. Multiple brokerages reiterated positive ratings but lowered targets amid a broader reset in market multiples, with several …