Klarna Group (NYSE:KLAR) Rating Increased to Hold at Wall Street Zen

Klarna Group (NYSE:KLAR) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other brokerages also recently weighed in on KLAR. Deutsche Bank Aktiengesellschaft began coverage on Klarna Group in a report on Monday, October 6th. They issued a “buy” rating and a $48.00 target price on the stock. Compass Point initiated coverage on Klarna Group in a report on Tuesday, September 16th. They set a “buy” rating and a $53.00 price target for the company. Bank of America started coverage on Klarna Group in a research report on Monday, October 6th. They set a “buy” rating and a $51.00 price objective on the stock. Sanford C. Bernstein initiated coverage on Klarna Group in a report on Monday, October 6th. They set a “market perform” rating and a $45.00 target price on the stock. Finally, Wolfe Research initiated coverage on Klarna Group in a research note on Monday, October 6th. They set an “outperform” rating and a $50.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.33.

Klarna Group Price Performance

Shares of NYSE KLAR opened at $38.54 on Friday. Klarna Group has a fifty-two week low of $35.01 and a fifty-two week high of $57.20.

Institutional Investors Weigh In On Klarna Group

A number of institutional investors have recently made changes to their positions in KLAR. SG Americas Securities LLC acquired a new position in Klarna Group during the 3rd quarter worth approximately $868,000. Walmart Inc. purchased a new stake in shares of Klarna Group during the third quarter worth $87,960,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Klarna Group in the third quarter worth $2,199,000.

Klarna Group Company Profile

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.