Klarna Group plc (NYSE:KLAR) Given Average Rating of “Moderate Buy” by Analysts

Klarna Group plc (NYSE:KLARGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the eighteen ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.60.

Several equities research analysts have weighed in on KLAR shares. Wolfe Research reduced their price objective on Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Wells Fargo & Company initiated coverage on shares of Klarna Group in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $45.00 price objective for the company. Citigroup reduced their target price on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Morgan Stanley dropped their price target on shares of Klarna Group from $43.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 19th.

Get Our Latest Stock Analysis on KLAR

Klarna Group News Summary

Here are the key news stories impacting Klarna Group this week:

Klarna Group Stock Up 0.9%

Shares of NYSE:KLAR opened at $20.54 on Friday. The business has a fifty day simple moving average of $28.69. The stock has a market cap of $14.74 billion and a PE ratio of -31.60. Klarna Group has a 52 week low of $20.10 and a 52 week high of $57.20.

Institutional Investors Weigh In On Klarna Group

Several hedge funds have recently made changes to their positions in KLAR. Walmart Inc. acquired a new stake in Klarna Group during the third quarter valued at $87,960,000. WCM Investment Management LLC acquired a new stake in shares of Klarna Group during the 3rd quarter valued at about $16,040,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Klarna Group in the 3rd quarter valued at about $2,199,000. Dragoneer Investment Group LLC acquired a new position in Klarna Group in the 3rd quarter worth about $303,595,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in Klarna Group during the third quarter worth approximately $19,406,000.

Klarna Group Company Profile

(Get Free Report)

Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.

Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.

Further Reading

Analyst Recommendations for Klarna Group (NYSE:KLAR)

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