12 Tech Stocks with the Biggest Upside Potential

5. Klaviyo, Inc. (NYSE:KVYO)

Potential Upside: 94.52%

Number of Hedge Fund Holders: 48

On January 28, the company announced the launch of a new application designed for OpenAI’s generative AI chatbot, ChatGPT. According to the company, the initial version of the app will enable marketing teams to concentrate on reporting tasks. He also indicated that additional features are planned for future updates, which could include capabilities such as reviewing, creating, or preparing marketing campaigns directly within the app. This functionality is anticipated to enhance workflow efficiency and support the integration of AI-driven tools into the marketing process.

Co-Founder and Co-CEO of Klaviyo, Andrew Bialecki, mentioned in a statement:

When OpenAI introduced apps, it unlocked a new kind of software experience — one where tools can live directly where people already think and work. For marketers, that means they can harness their data wherever their ideas happen. Our new app in ChatGPT is an important step in the direction of bringing decision-making together with data and action.

Truist Financial analyst Terry Tillman reiterated his Buy rating with a price target of $45 for the shares on January 21. The firm’s price target implies a further 101.3% upside from current levels, consistent with the median Wall Street analyst estimate of 94.52%, based on 24 analysts covering the stock.

Klaviyo, Inc. (NYSE: KVYO) is a technology company. The company offers a software-as-a-service platform across the United States, the Middle East, the Asia-Pacific, Europe, Africa, and the Americas. It provides Klaviyo, a cloud-native platform for data storage, messaging infrastructure, campaigns & flows, and a segmentation engine.