Wells Fargo & Company Cuts Klaviyo (NYSE:KVYO) Price Target to $22.00

Posted by Geri Gentry on Aug 9th, 2026

Klaviyo (NYSE:KVYO – Free Report) had its price target lowered by Wells Fargo & Company from $26.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also recently issued reports about the company. Barclays lowered their target price on Klaviyo from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday. Truist Financial reduced their price target on Klaviyo from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho set a $28.00 price target on Klaviyo in a research report on Thursday. Citigroup lifted their price objective on Klaviyo from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Finally, Cantor Fitzgerald lowered their price objective on Klaviyo from $35.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Klaviyo currently has a consensus rating of “Moderate Buy” and an average price target of $27.14.

Check Out Our Latest Stock Analysis on Klaviyo

Klaviyo Stock Down 0.3%

Shares of KVYO stock opened at $16.68 on Thursday. Klaviyo has a 52 week low of $12.53 and a 52 week high of $36.22. The stock has a market capitalization of $4.99 billion, a PE ratio of 834.57 and a beta of 0.54. The firm has a 50 day moving average of $16.24 and a two-hundred day moving average of $17.93.

Klaviyo (NYSE:KVYO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $370.58 million for the quarter, compared to analyst estimates of $362.08 million. Klaviyo had a return on equity of 5.67% and a net margin of 0.49%.The company’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. Analysts expect that Klaviyo will post 0.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew Bialecki sold 212,529 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $14.61, for a total transaction of $3,105,048.69. Following the completion of the sale, the chief executive officer owned 212,529 shares in the company, valued at approximately $3,105,048.69. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amanda Whalen sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $13.23, for a total transaction of $185,220.00. Following the sale, the chief financial officer owned 852,192 shares of the company’s stock, valued at $11,274,500.16. This represents a 1.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 649,863 shares of company stock valued at $9,521,105. 37.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Klaviyo

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors acquired a new stake in shares of Klaviyo during the fourth quarter worth about $415,254,000. Morgan Stanley lifted its holdings in shares of Klaviyo by 36.1% in the 4th quarter. Morgan Stanley now owns 14,547,090 shares of the company’s stock valued at $472,344,000 after purchasing an additional 3,855,160 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Klaviyo in the 4th quarter valued at about $92,675,000. JPMorgan Chase & Co. boosted its position in shares of Klaviyo by 86.8% in the 4th quarter. JPMorgan Chase & Co. now owns 3,564,743 shares of the company’s stock valued at $115,747,000 after purchasing an additional 1,656,912 shares during the period. Finally, Vanguard Group Inc. grew its stake in Klaviyo by 12.3% during the 4th quarter. Vanguard Group Inc. now owns 14,361,540 shares of the company’s stock worth $466,319,000 after buying an additional 1,573,812 shares during the last quarter. 45.43% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Klaviyo

Here are the key news stories impacting Klaviyo this week:

Positive Sentiment: Klaviyo reported second-quarter earnings of $0.19 per share, matching expectations and improving from $0.16 a year earlier. Revenue reached $370.6 million, exceeding the $362.1 million consensus estimate and rising 26.4% year over year. Klaviyo Meets Q2 Earnings Estimates
Positive Sentiment: The company projected 2026 revenue of approximately $1.526 billion to $1.534 billion while integrating its Agency acquisition, signaling continued growth despite the added execution demands. Klaviyo 2026 Revenue Outlook
Positive Sentiment: Investors are also focusing on Klaviyo’s new AI product leadership and related product initiatives, which could improve automation capabilities, customer engagement and long-term growth prospects. Klaviyo’s New AI Product Leadership
Neutral Sentiment: Several analysts retained bullish ratings, including overweight or buy recommendations. Stephens raised its target to $25, while Wells Fargo, Stifel, Piper Sandler, BTIG and KeyCorp continue to see substantial upside despite reducing or resetting their targets.
Negative Sentiment: Multiple firms lowered their price targets following the earnings report: Wells Fargo to $22, Stifel to $22, Piper Sandler to $23, BTIG to $25 and KeyCorp to $29. The cuts suggest analysts remain constructive but have moderated expectations or valuation assumptions.
Negative Sentiment: Klaviyo declined alongside much of the software sector after earnings, indicating that broader risk-off sentiment and investor concerns about software valuations may be outweighing the company’s revenue beat and AI narrative. Software Sector Weakness After Earnings

Klaviyo Company Profile

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Klaviyo, Inc is a cloud-based marketing automation platform that enables businesses to leverage customer data for targeted email and SMS campaigns. The company’s platform centralizes first-party data from various sources—including e-commerce storefronts, websites, and CRM systems—to help organizations deliver personalized marketing across the customer lifecycle. Klaviyo’s core offerings include segmented email marketing, automated messaging workflows, and performance analytics designed to drive customer engagement and revenue growth.

The platform provides a suite of tools for campaign creation and management, including drag-and-drop email and SMS builders, dynamic content rendering, and A/B testing capabilities.