Wells Fargo & Company Lowers Klarna Group (NYSE:KLAR) Price Target to $32.00

Klarna Group (NYSE:KLARGet Free Report) had its target price decreased by Wells Fargo & Company from $45.00 to $32.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 145.42% from the stock’s current price.

A number of other equities analysts have also issued reports on KLAR. Citigroup decreased their price target on Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Keefe, Bruyette & Woods lowered their target price on Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut their price target 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. UBS Group lowered their price objective on shares of Klarna Group from $48.00 to $46.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Finally, Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Eleven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.00.

Read Our Latest Analysis on Klarna Group

Klarna Group Stock Down 5.9%

NYSE KLAR opened at $13.04 on Friday. Klarna Group has a 12 month low of $13.00 and a 12 month high of $57.20. The firm has a market capitalization of $9.36 billion and a price-to-earnings ratio of -16.93. The company’s 50 day moving average is $26.04.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. SC US Ttgp LTD. purchased a new position in Klarna Group during the 3rd quarter valued at about $2,016,821,000. Commonwealth Bank of Australia purchased a new position in Klarna Group during the fourth quarter valued at approximately $503,243,000. Wellington Management Group LLP acquired a new position in Klarna Group in the 3rd quarter valued at approximately $348,834,000. Dragoneer Investment Group LLC purchased a new stake in Klarna Group in the 3rd quarter worth approximately $303,595,000. Finally, Scge Management L.P. purchased a new position in shares of Klarna Group during the 3rd quarter valued at $193,018,000.

Key Headlines 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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