Klaviyo Inc. (NYSE:KVYO) is a top software application stock recommended by Hedge Funds. Morgan Stanley analyst Elizabeth Porter maintains an Overweight rating on the stock with a revised target price of $42. Cantor Fitzgerald also supports Klaviyo with an Overweight rating and a $40 price target, believing in the company’s market position and recent product launches. The firm negates fears of AI taking over the software world and sees resilience in software solution providers. Klaviyo delivers an AI-first SaaS platform for B2C clients, enabling various customer relationship management functions.

Read more at Yahoo Finance: Reasons Why Klaviyo (KVYO) is Strongly Favored by Hedge Funds