KlaviyoNYSE: KVYO

Klaviyo, Inc. (KVYO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Here is how Klaviyo, Inc. (KVYO) and Mitie Group PLC. (MITFY) have performed compared to their sector so far this year.

Shares of Klaviyo Inc KVYO have soared more than 40% year to date.

Klaviyo, Inc. (KVYO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Klaviyo hit it out of the park in Q2-24 with 35% revenue and 65% operating earnings growth. It reinforced my thesis that this is a hidden gem. KVYO's business model of an integrated platform layering customer data onto marketing campaigns is a huge competitive advantage.

Klaviyo is recommended as a buy due to its strong value proposition for SMBs. KVYO's differentiated approach targets SMBs by integrating the data and application layers. KVYO's strong financials and traction in moving upmarket are evidence of success.

Marketing automation Guru, Klaviyo, reported excellent revenue and earnings growth and provided positive guidance. Anti-Spam rules have not dented Klaviyo's business, instead Klaviyo is using it as an opportunity to help customers achieve compliance with the rules. Klaviyo is making a case for automation AI, as a seamless and integrated approach for using AI for marketing.

Klaviyo is a marketing automation platform valued at $9.2 billion that has not performed well since going public. The stock is down about 20% today. Despite operating at losses, Klaviyo has demonstrated the ability to grow rapidly while expanding margins. The demand for Klaviyo's marketing platform is expected to continue due to trends in first-party data marketing, multichannel commerce, and generative AI.

Klaviyo CEO Andrew Bialecki joins Ed Ludlow and Caroline Hyde to discuss the company's recent earnings results and launch of Klaviyo AI, the company's new suite of AI capabilities. He speaks on "Bloomberg Technology.