5 Best High Return Technology Stocks to Buy Now

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1. Klaviyo, Inc. (NYSE:KVYO)

Upside Potential as of May 8, 2026: 98.81%

Number of Hedge Fund Holders: 43

On May 7, Raimo Lenschow, an analyst at Barclays, cut the price target on Klaviyo, Inc. (NYSE:KVYO) to $25 from $31 and reaffirmed an Overweight rating. This comes after the company’s Q1 results, which demonstrated enterprise and international momentum with “solid early signs” from its AI approach. The firm believes muted seasonal dynamics resulted in the expectations miss.

Several other analysts revisited their stance on Klaviyo, Inc. (NYSE:KVYO) on the same day. KeyBanc trimmed the price target on the company from $40 to $35 and maintained an Overweight rating. The firm highlighted that the company delivered a beat-and-raise quarter to start the year, yet increases were relatively modest compared to its usual standards. This, combined with the CFO’s planned departure later this year, may likely reverse the gains it has posted over the past week, the firm asserted.

Stifel shares a similar view, citing CFO transition, AI investments, and new carrier fees in messaging. The firm lowered its price target on the company to $28 from $35. Growth drivers like enterprise and international customers, along with product innovation, drove the firm’s Buy rating.

Klaviyo, Inc. (NYSE:KVYO) is a Massachusetts-based cloud-based SaaS platform offering CRM, Klaviyo Data Platform, Advanced KDP, and Marketing Agent, among others. Incorporated in 2012, the company mainly serves entrepreneurs, SMEs, and other enterprises.

While we acknowledge the potential of KVYO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KVYO and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: Starter Stock Portfolio: 14 Safe Stocks to Buy Now and 40 Most Popular Stocks Among Hedge Funds Heading Into 2026.

Disclosure: None.

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