Stock Track | Klaviyo Plummets 5.21% Intraday After Macquarie Cuts Price Target

Stock Track

02/12

Klaviyo, Inc. (KVYO) saw its shares plummet 5.21% during intraday trading on Thursday.

The sharp decline followed news that Macquarie cut its price target on the marketing automation company to $24 from $30 while maintaining a Neutral rating. Analyst price target reductions often signal concerns about a company's future prospects and can trigger selling pressure among investors.

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(KVYO) saw its shares plummet 5.21% during intraday trading on Thursday.</p><p>The sharp decline followed news that Macquarie cut its price target on the marketing automation company to $24 from $30 while maintaining a Neutral rating. 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