16 Best New Tech Stocks With Huge Upside Potential

11. Klaviyo Inc. (NYSE:KVYO)

Number of Hedge Fund Holders: 36

Average Upside Potential as of July 10: 35.38%

Klaviyo Inc. (NYSE:KVYO) is one of the best new tech stocks with huge upside potential. On June 24, Klaviyo announced platform enhancements to address the challenge of disconnected customer experiences in omnichannel marketing. These new AI-powered capabilities were unveiled at Klaviyo’s flagship European event, called K:LDN.

Klaviyo aims to remove the friction caused by traditional marketing technology stacks that weren’t built for dynamic environments by unifying customer data, content, orchestration, and reporting into one platform. New Klaviyo research, based on a global survey of 2,000 consumers, highlights the cost of inaction: 54% of consumers ignore brand messages in at least one channel, and 77% shop across 3 or more channels. The research also indicates that consumers switch channels based on the time of day.

Global brands such as Castore, AS Beauty, and Paul Smith were given an early look at these innovations. Built on the Klaviyo Data Platform/KDP, which processes over 2 billion daily events across more than 7 billion customer profiles, this release tackles the issue of fragmented tools and slow decision-making. Marketers can now run campaigns across various channels without the need for multiple integrations or syncs.

Klaviyo Inc. (NYSE:KVYO) is a technology company that provides a SaaS platform in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.