Klarna Group (NYSE:KLAR) Rating Lowered to “Sell” at Wall Street Zen

Klarna Group (NYSE:KLARGet Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other brokerages also recently weighed in on KLAR. BNP Paribas Exane began coverage on shares of Klarna Group in a report on Monday, October 6th. They issued a “neutral” rating and a $46.00 price target on the stock. Bank of America dropped their price objective on shares of Klarna Group from $51.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. JPMorgan Chase & Co. reduced their target price on shares of Klarna Group from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Rothschild & Co Redburn assumed coverage on shares of Klarna Group in a research report on Monday, October 6th. They set a “neutral” rating and a $46.00 target price for the company. Finally, Zacks Research raised Klarna Group to a “hold” rating in a research report on Tuesday, October 7th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $46.60.

Read Our Latest Stock Analysis on Klarna Group

Klarna Group Price Performance

Klarna Group stock opened at $27.73 on Friday. Klarna Group has a 1-year low of $26.83 and a 1-year high of $57.20. The stock has a fifty day simple moving average of $30.17. The firm has a market cap of $19.91 billion and a PE ratio of -42.66.

Institutional Trading of Klarna Group

A number of hedge funds and other institutional investors have recently modified their holdings of KLAR. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Klarna Group in the 3rd quarter valued at $2,199,000. SG Americas Securities LLC acquired a new stake in Klarna Group in the third quarter valued at $868,000. Walmart Inc. purchased a new stake in Klarna Group during the 3rd quarter worth about $87,960,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Klarna Group during the 3rd quarter worth about $19,406,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Klarna Group in the 3rd quarter valued at about $295,000.

Trending Headlines about Klarna Group

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About Klarna Group

(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.

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Analyst Recommendations for Klarna Group (NYSE:KLAR)

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