Klarna Group (NYSE:KLAR) Sets New 52-Week Low – Time to Sell?

Klarna Group plc (NYSE:KLAR)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $40.03 and last traded at $40.09, with a volume of 416037 shares trading hands. The stock had previously closed at $41.50.

Wall Street Analysts Forecast Growth

KLAR has been the subject of a number of analyst reports. Compass Point initiated coverage on shares of Klarna Group in a research report on Tuesday, September 16th. They set a “buy” rating and a $53.00 target price for the company. Wall Street Zen raised shares of Klarna Group to a “hold” rating in a research report on Saturday, September 13th. Finally, Needham & Company LLC started coverage on shares of Klarna Group in a research report on Tuesday, September 16th. They set a “hold” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Klarna Group Stock Down 3.7%

About Klarna Group

Our mission is to reimagine how consumers spend and save in their daily lives. We help people save time, money and put them in control of their finances. Our vision is a world where Klarna empowers everyone, everywhere, through seamless commerce experiences-as a personalized, trusted assistant making financial empowerment effortless.