5 Best Young Stocks to Buy and Hold For 20 Years

In this article, we will take a look at the 5 best young stocks to buy and hold for 20 years. To read our analysis of the recent market trends and market activity, you can go to the 11 Best Young Stocks to Buy and Hold For 20 Years.

5. Klaviyo, Inc. (NYSE:KVYO)

Number of Hedge Fund Holders: 32

Founded in 2012, Boston, Massachusetts-based Klaviyo, Inc. (NYSE:KVYO) provides a SaaS platform that helps store and analyze data for e-commerce brands that enables them to send out personalized marketing emails and messages to potential customers. It boasts more than 135,000 customers.

On November 7, Klaviyo, Inc. (NYSE:KVYO) released its financial results for Q3 2023, the first quarterly report for the company since going public in September this year. Its revenue increased by 48% y-o-y to $176 million while it posted a net loss of $297 million.

This is what ClearBridge Investments, an investment management company, had to say about Klaviyo, Inc. (NYSE:KVYO) in its “ClearBridge Small Cap Growth Strategy” Q3 2023 investor letter:

“Klaviyo is a founder-led software and database platform that provides marketing automation solutions primarily to smaller ecommerce customers. Leveraging a tight integration with ecommerce enablement provider Shopify and a disruptive technology architecture, Klaviyo has experienced rapid growth in a sizable core market, with opportunities to add additional products and customer groups, including the fitness/wellness market, and to expand internationally. Throughout its history, Klaviyo has managed to balance a robust growth rate with disciplined investment and has a path to meaningful long-term profitability.”