Klarna Group (NYSE:KLAR) Coverage Initiated by Analysts at Morgan Stanley

Key Points

• Analysts at Morgan Stanley initiated coverage on Klarna Group, giving it an "equal weight" rating with a price target of $43.00, indicating a potential upside of 5.93% from the previous close.
• Other firms, including Needham & Company and UBS Group, have also started coverage, with UBS issuing a "buy" rating and a target price of $48.00.
• Klarna Group currently holds an average rating of "Moderate Buy" among analysts with an average target price of $49.92, following positive reviews from nine analysts recommending a buy.

Equities research analysts at Morgan Stanley initiated coverage on shares of Klarna Group (NYSE:KLAR - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The firm set an "equal weight" rating and a $43.00 price target on the stock. Morgan Stanley's price target suggests a potential upside of 5.93% from the stock's previous close.

A number of other research firms have also commented on KLAR. Needham & Company LLC started coverage on shares of Klarna Group in a research report on Tuesday, September 16th. They issued a "hold" rating for the company. Wall Street Zen raised shares of Klarna Group to a "hold" rating in a research note on Saturday, September 13th. UBS Group started coverage on shares of Klarna Group in a report on Monday. They issued a "buy" rating and a $48.00 price objective for the company. Finally, Compass Point assumed coverage on shares of Klarna Group in a research note on Tuesday, September 16th. They issued a "buy" rating and a $53.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $49.92.

Klarna Group Stock Performance

KLAR opened at $40.59 on Monday. Klarna Group has a twelve month low of $35.60 and a twelve month 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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