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Morgan Stanley Upgrades Klaviyo (KVYO) to Buy, Keeps the PT

Klaviyo, Inc. (NYSE:KVYO) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. On September 19, Elizabeth Porter from Morgan Stanley upgraded Klaviyo, Inc. (NYSE:KVYO) from Neutral to Buy with a price target of $50. The analyst highlighted the company’s strategic focus from email marketing to a full CRM platform for B2C businesses. She notes that this strategic move opens a larger market opportunity for the company. Porter expects the company to grow revenue by over 20% annu ...