Jefferies Initiates Coverage of Klaviyo (KVYO) Stock

Klaviyo, Inc. (NYSE:KVYO) is one of the Stocks to Buy with Exponential Growth Heading into 2026. On October 22, Jefferies initiated coverage of the company’s stock with a “Buy” rating and a price objective of $32, as reported by The Fly. The firm highlighted that Klaviyo, Inc. (NYSE:KVYO)’s stock sold off significantly in 2025 because of AI concerns, just like its peers. However, the firm opines that the risk is more than priced in at the current valuation. Despite AI overhang taking time, the risk/reward is positively skewed, added Jefferies.

In a separate release, Klaviyo, Inc. (NYSE:KVYO) unveiled Marketing Agent and broadly released its Customer Agent. Together, they established the company as the AI-first B2C CRM, unifying data, marketing, service, and analytics in one platform to provide a competitive advantage to the consumer brands. Klaviyo, Inc. (NYSE:KVYO)’s marketing agent tends to autonomously plan and launch campaigns in a few minutes, develop on-brand content, personalize every send, and learns continuously without prompting. Its customer agent provides 24/7 personalized support to consumers. This is done by resolving common questions, suggesting products, and escalating to the human agent along with full context, when required.

Sands Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said:

“Klaviyo, Inc. (NYSE:KVYO) is an innovative provider of business-to-consumer (B2C) marketing technology. The business reported a strong 2024 fourth quarter result, with key metrics exceeding both consensus and our expectations. While shares declined—due to high pre-earnings expectations, a slightly softer guide, and the broader tech selloff—we view the business as executing well. Management continues to improve communication and operational delivery, with strong momentum across upmarket adoption, international expansion, and product innovation. The standout announcement was the launch of a full CRM platform that integrates marketing, customer service, and analytics. This shift positions Klaviyo as a true platform business for B2C brands, in our view, and expands its AI opportunity.”

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Disclosure: None. This article is originally published at Insider Monkey.