Bank of America Initiates Coverage on Klarna Group (NYSE:KLAR)

Key Points

• Bank of America has initiated coverage on Klarna Group (NYSE:KLAR), giving the stock a "buy" rating with a price target of $51.00, indicating a potential upside of 25.64% from its previous close.
• Multiple analysts, including those from JPMorgan, Goldman Sachs, and Citigroup, have also issued optimistic ratings and price targets ranging from $48.00 to $58.00 for Klarna Group.
• Klarna Group's shares opened at $40.59 on Monday, with a 1-year low of $35.60 and a high of $57.20, reflecting significant volatility in its stock performance.

Bank of America started coverage on shares of Klarna Group (NYSE:KLAR - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The brokerage set a "buy" rating and a $51.00 price target on the stock. Bank of America's price objective points to a potential upside of 25.64% from the company's previous close.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Klarna Group in a report on Monday. They issued an "overweight" rating and a $50.00 target price for the company. Needham & Company LLC began coverage on shares of Klarna Group in a research note on Tuesday, September 16th. They issued a "hold" rating for the company. The Goldman Sachs Group started coverage on shares of Klarna Group in a report on Monday. They set a "buy" rating and a $55.00 target price for the company. UBS Group assumed coverage on shares of Klarna Group in a research note on Monday. They set a "buy" rating and a $48.00 target price on the stock. Finally, Citigroup started coverage on Klarna Group in a report on Monday. They set a "buy" rating and a $58.00 price target for the company. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Klarna Group has a consensus rating of "Moderate Buy" and an average price target of $49.92.

Klarna Group Stock Performance

Shares of NYSE KLAR opened at $40.59 on Monday. Klarna Group has a 1-year low of $35.60 and a 1-year high of $57.20.

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.

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