12 Best Buy-the-Dip Stocks to Buy According to Wall Street Analysts

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5. Klaviyo Inc. (NYSE:KVYO)

Klaviyo Inc. (NYSE:KVYO) is one of the 12 best buy-the-dip stocks to buy according to Wall Street analysts.

On March 2, Klaviyo Inc. (NYSE:KVYO) announced a $500 million authorization for the repurchase of its Series A common stock, approved by its board of directors. The company plans to immediately initiate an accelerated share repurchase for $100 million as an initial component of the newly approved buyback program. This signals a proactive approach to capital return.

Back on February 11, Needham analyst Scott Berg reduced the firm’s price target on Klaviyo Inc. (NYSE:KVYO) to $30 from $45. The analyst maintained his Buy rating on the stock, which still offers almost 54% upside at the current level, after the revision.

Despite the downward adjustment of the target price, Berg highlighted very strong fourth-quarter results for Klaviyo Inc. (NYSE:KVYO). The company delivered revenue outperformance, which was driven by robust sales and customer expansion during the holiday season.

Klaviyo Inc. (NYSE:KVYO) delivers an AI-first SaaS platform for B2C clients that helps in their customer relationship management functions. The platform enables data storage, campaigns, marketing automation, and analytics. It also allows for customer service integration and omni-channel marketing tools such as emails, SMS, and WhatsApp marketing.

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