Klarna Group (NYSE:KLAR) Coverage Initiated by Analysts at Sanford C. Bernstein

Key Points

• Analysts at Sanford C. Bernstein have initiated coverage on Klarna Group, assigning a "market perform" rating with a price target of $45.00, indicating a potential upside of 10.86% from its previous close.
• Multiple brokerages have issued reports on Klarna Group, with various ratings from "buy" to "hold", resulting in a consensus rating of "Moderate Buy" and an average target price of $49.92.
• Klarna Group's stock opened at $40.59, with a one-year trading range of $35.60 to $57.20, indicating some volatility in its market performance.

Sanford C. Bernstein assumed coverage on shares of Klarna Group (NYSE:KLAR - Get Free Report) in a research note issued on Monday,Benzinga reports. The firm set a "market perform" rating and a $45.00 price target on the stock. Sanford C. Bernstein's target price indicates a potential upside of 10.86% from the stock's previous close.

A number of other brokerages also recently issued reports on KLAR. Deutsche Bank Aktiengesellschaft began coverage on shares of Klarna Group in a research report on Monday. They set a "buy" rating and a $48.00 price objective on the stock. Needham & Company LLC assumed coverage on shares of Klarna Group in a research note on Tuesday, September 16th. They issued a "hold" rating on the stock. UBS Group assumed coverage on shares of Klarna Group in a research note on Monday. They issued a "buy" rating and a $48.00 price target on the stock. Citigroup initiated coverage on shares of Klarna Group in a research note on Monday. They issued a "buy" rating and a $58.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of Klarna Group in a research note on Monday. They set an "overweight" rating and a $50.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.92.

Klarna Group Stock Performance

KLAR stock opened at $40.59 on Monday. Klarna Group has a one year low of $35.60 and a one 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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