Earnings
Home›Earnings›Analyst Ratings›Klaviyo, Similarweb, and Braze face AI selloff with an…
Klaviyo, Similarweb, and Braze face AI selloff with analyst upgrades
For Klaviyo, Goldman Sachs assigned a Buy rating and Citigroup boosted its price target to $3 higher, while the company reported 28% year over year revenue growth in Q1 2026 and raised full year guidance.
An AI-focused selloff is putting pressure on investors, but Wall Street analysts are pointing to upgrades and price target increases in smaller AI software names, arguing that some stocks may be positioned to rebound if fundamentals hold. Klaviyo, Similarweb, and Braze were highlighted as examples where at least one analyst boost has come after the market downturn. Klaviyo runs a customer data platform and marketing automation software for e-commerce firms, with AI used for personalization across communications and customer support. After recent turbulence, Goldman Sachs issued a Buy rating for Klaviyo and Citigroup raised its price target by $3, contributing to an overall Moderate Buy view on the Street, where Buys outnumber other ratings. Klaviyo’s recent performance is part of the analyst backdrop. In its Q1 2026 earnings report, Klaviyo said revenue rose 28% year over year, and it reached its highest-ever non-GAAP operating margin. Management also raised full-year guidance for revenue and operating income, citing AI-driven products including Composer and Customer Agent, with the company still needing to address potential carrier fee exposure as the business scales. The outlook for Similarweb and Braze is framed around their AI-driven offerings, including Similarweb’s use of AI to analyze internet traffic and app usage to support customer analytics, and the value of its proprietary dataset. The article also notes that investors are watching an upcoming earnings catalyst, particularly for names like Klaviyo, where near-term operational risks could still matter as revenue growth continues.