5 Best Strong Buy Growth Stocks to Buy Right Now

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In this article, we will list the 5 Best Strong Buy Growth Stocks to Buy Right Now. Please visit 10 Best Strong Buy Growth Stocks to Buy Right Now if you would like to see the extended list and the methodology behind it.

5 Best Strong Buy Growth Stocks to Buy Right Now

5. Klaviyo, Inc. (NYSE:KVYO)

Klaviyo, Inc. (NYSE:KVYO) is one of the best strong buy growth stocks to buy right now. Morgan Stanley resumed coverage of Klaviyo, Inc. (NYSE:KVYO) with an Overweight rating on April 29 and set a price target of $34. It stated that intra-quarter data points, including both channel conversations and CIO survey indicators, pointed towards durability and “signs of cautious optimism” within application SaaS fundamentals. The firm added that it prefers companies such as Klaviyo, Inc. (NYSE:KVYO), which are seen as holding the best position to deliver meaningful estimate revisions against “undemanding valuation.”

Klaviyo, Inc. (NYSE:KVYO) also received a rating update from Jefferies on April 28. The firm maintained a Buy rating on the stock with a price target of $29, with the rating update coming ahead of the company’s planned fiscal Q1 results on May 5. The firm told investors in a research note that it believes Klaviyo, Inc. (NYSE:KVYO) has the potential to deliver on consensus growth estimates of 25%, with an upside scenario of a 5-6 percentage point growth beat. It added that web traffic trends appear healthy, and the company is re-accelerating its hiring.

Klaviyo, Inc. (NYSE:KVYO) provides a SaaS marketing platform, offering personal ecommerce marketing reinvented for online stores on Shopify, Bigcommerce, and Magento.

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