Klarna Group (NYSE:KLAR) Coverage Initiated by Analysts at Bank of America

Key Points

• Bank of America initiated coverage with a buy rating and a $21.00 price target, which it says implies about a 47.9% upside from the prior close.
• KLAR is trading around $14.20 (market cap ~$10.19B) while analysts collectively rate the stock a "Moderate Buy" with a consensus target of $38.33, indicating substantial upside versus the current price.

Equities researchers at Bank of America began coverage on shares of Klarna Group (NYSE:KLAR - Get Free Report) in a note issued to investors on Thursday. The brokerage set a "buy" rating and a $21.00 price target on the stock. Bank of America's target price indicates a potential upside of 47.89% from the company's previous close.

Other equities analysts have also issued research reports about the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Klarna Group in a research note on Monday, December 29th. Wall Street Zen lowered shares of Klarna Group from a "hold" rating to a "sell" rating in a report on Saturday, February 21st. Morgan Stanley lowered their target price on shares of Klarna Group from $39.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company reduced their price target on shares of Klarna Group from $45.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, February 20th. Finally, Wolfe Research dropped their price objective on shares of Klarna Group from $50.00 to $45.00 and set an "outperform" rating for the company in a report on Wednesday, November 19th. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $38.33.

Klarna Group Trading Up 4.6%

Shares of KLAR stock traded up $0.63 on Thursday, hitting $14.20. 519,320 shares of the stock traded hands, compared to its average volume of 5,510,381. The stock has a market cap of $10.19 billion and a price-to-earnings ratio of -18.45. The business has a 50 day moving average price of $23.35. Klarna Group has a 52 week low of $12.50 and a 52 week high of $57.20.

Institutional Trading of Klarna Group

A number of hedge funds and other institutional investors have recently bought and sold shares of KLAR. Global Retirement Partners LLC lifted its holdings in Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company's stock valued at $26,000 after buying an additional 800 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Klarna Group in the 4th quarter worth approximately $29,000. US Bancorp DE purchased a new stake in shares of Klarna Group during the 3rd quarter valued at $30,000. BIT Capital GmbH acquired a new position in shares of Klarna Group during the third quarter valued at about $37,000. Finally, Allworth Financial LP acquired a new stake in shares of Klarna Group during the third quarter worth $37,000.

About Klarna Group

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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