BNP Paribas Upgrades Klarna Group (NYSE:KLAR) to "Hold"

Key Points

• BNP Paribas has upgraded Klarna Group to a "hold" rating, reflecting a cautious outlook on the stock.
• A consensus rating of "Moderate Buy" has been established for Klarna Group, with an average target price of $49.64.
• Other analysts, including Bank of America and Goldman Sachs, have issued optimistic ratings, with target prices ranging from $51.00 to $55.00.

Klarna Group (NYSE:KLAR - Get Free Report) was upgraded by BNP Paribas to a "hold" rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Bank of America initiated coverage on Klarna Group in a report on Monday. They issued a "buy" rating and a $51.00 target price on the stock. JPMorgan Chase & Co. started coverage on Klarna Group in a research note on Monday. They issued an "overweight" rating and a $50.00 price objective on the stock. Sanford C. Bernstein initiated coverage on Klarna Group in a research report on Monday. They set a "market perform" rating and a $45.00 price objective on the stock. Compass Point assumed coverage on shares of Klarna Group in a report on Tuesday, September 16th. They issued a "buy" rating and a $53.00 target price for the company. Finally, The Goldman Sachs Group began coverage on shares of Klarna Group in a research note on Monday. They set a "buy" rating and a $55.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $49.64.

Klarna Group Trading Up 2.1%

KLAR opened at $42.20 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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