Klaviyo, Inc. (NYSE:KVYO) is one of the 11 best software application stocks to buy now.
On February 24, Klaviyo Inc. (NYSE:KVYO) announced forming a strategic alliance with Alphabet Inc. (GOOG). This partnership aims to assist various organizations in creating autonomous AI experiences throughout the entire customer journey. This would involve discovery, purchase, service, loyalty, and more.
Photo by Austin Distel on Unsplash
The purpose is to assist various marketers in moving beyond traditional static experiences and into the world of autonomous experiences. The alliance will leverage Google’s search, advertising, AI, and messaging expertise, as well as Klaviyo’s real-time consumer data processing and action capabilities.
On February 11, Needham analyst Scott Berg reduced the firm’s price target on Klaviyo Inc. (NYSE:KVYO) from $45 to $30. The analyst maintained his Buy rating on the stock, which still yields an impressive upside potential of almost 57% at the prevailing level.
Berg noted that Klaviyo Inc. (NYSE:KVYO) delivered strong fourth-quarter results, registering revenue outperformance. This was driven primarily by solid sales and customer expansion during the holiday season.
Klaviyo Inc. (NYSE:KVYO) delivers an AI-first SaaS platform for B2C clients that helps in their customer relationship management functions. The platform enables data storage, campaigns, marketing automation, and analytics. It also allows for customer service integration and omni-channel marketing tools such as emails, SMS, and WhatsApp marketing.
While we acknowledge the potential of KVYO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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