Wall Street Zen Upgrades Klarna Group (NYSE:KLAR) to Hold

Klarna Group (NYSE:KLARGet Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on KLAR. Zacks Research raised shares of Klarna Group to a “hold” rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Klarna Group in a report on Monday, October 6th. They issued a “buy” rating and a $48.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on Klarna Group from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. Rothschild Redb upgraded Klarna Group to a “hold” rating in a research note on Monday, October 6th. Finally, BNP Paribas Exane started coverage on Klarna Group in a research report on Monday, October 6th. They set a “neutral” rating and a $46.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.60.

Read Our Latest Report on KLAR

Klarna Group Stock Down 4.3%

Shares of KLAR stock opened at $23.10 on Friday. The company has a 50-day moving average price of $29.61. Klarna Group has a twelve month low of $23.06 and a twelve month high of $57.20. The firm has a market cap of $16.58 billion and a P/E ratio of -35.54.

Institutional Investors Weigh In On Klarna Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Walmart Inc. acquired a new position in shares of Klarna Group in the 3rd quarter valued at about $87,960,000. Dragoneer Investment Group LLC purchased a new position in Klarna Group in the third quarter valued at approximately $303,595,000. Robeco Institutional Asset Management B.V. acquired a new position in Klarna Group during the third quarter valued at approximately $2,199,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Klarna Group during the third quarter worth approximately $19,406,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Klarna Group in the third quarter worth $868,000.

Key Stories Impacting Klarna Group

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

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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