Citigroup Begins Coverage on Klarna Group (NYSE:KLAR)

Key Points

• Citigroup has initiated coverage on Klarna Group (NYSE:KLAR), assigning a "buy" rating with a target price of $58.00, indicating a potential upside of 42.89% from its current share price.
• In addition to Citigroup, multiple analysts have provided coverage with a consensus rating of "Moderate Buy" and an average target price of $49.92 across nine analysts who rated the stock as a Buy.
• Klarna Group's shares opened at $40.59 on Monday, with a 52-week low of $35.60 and a high of $57.20, reflecting ongoing variability in its stock performance.

Equities research analysts at Citigroup began coverage on shares of Klarna Group (NYSE:KLAR - Get Free Report) in a research report issued on Monday,Benzinga reports. The brokerage set a "buy" rating and a $58.00 price target on the stock. Citigroup's target price indicates a potential upside of 42.89% from the stock's current price.

KLAR has been the subject of several other reports. Needham & Company LLC initiated coverage on shares of Klarna Group in a report on Tuesday, September 16th. They set a "hold" rating for the company. Wall Street Zen upgraded shares of Klarna Group to a "hold" rating in a research note on Saturday, September 13th. Compass Point assumed coverage on Klarna Group in a report on Tuesday, September 16th. They issued a "buy" rating and a $53.00 price objective for the company. UBS Group started coverage on Klarna Group in a research note on Monday. They set a "buy" rating and a $48.00 target price on the stock. Finally, Morgan Stanley began coverage on Klarna Group in a research note on Monday. They issued an "equal weight" rating and a $43.00 price target for the company. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $49.92.

Klarna Group Trading Down 0.4%

Klarna Group stock opened at $40.59 on Monday. Klarna Group has a 52 week low of $35.60 and a 52 week 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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