Shares of Klaviyo, Inc. (KVYO) surged 5.06% in pre-market trading on Thursday, following the company's impressive third-quarter earnings report and raised full-year guidance. The marketing automation platform provider exceeded analyst expectations, demonstrating robust growth and improved profitability.

Klaviyo reported Q3 non-GAAP earnings of $0.18 per diluted share, up from $0.15 a year earlier and surpassing the FactSet analyst consensus of $0.14. Revenue for the quarter ended September 30 reached $310.9 million, a significant increase from $235.1 million in the same period last year and above the expected $299.8 million. The company also upgraded its 2025 revenue outlook to a range of $1.215 billion to $1.219 billion, up from its previous forecast of $1.195 billion to $1.203 billion.

The strong results and optimistic outlook have prompted several analysts to maintain or raise their price targets for Klaviyo. Jefferies reiterated a Buy rating on the stock and increased its price target to $35 from $32. Similarly, Baird raised its target price to $40 from $39. The positive sentiment from Wall Street, combined with Klaviyo's solid performance and growth prospects, appears to be driving investor enthusiasm in the pre-market session.