Klarna Group (NYSE:KLAR) Downgraded by Wall Street Zen to Sell

Key Points

• Klarna Group was downgraded from a "hold" to a "sell" rating by analysts at Wall Street Zen, reflecting a negative shift in sentiment towards the stock.
• Despite the downgrade, the consensus rating among analysts remains at "Moderate Buy," with a target price averaging around $49.64.
• Klarna Group's stock is currently trading at $35.31, with a year-to-date range between $35.01 and $57.20, indicating a significant fluctuation in value.

Klarna Group (NYSE:KLAR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently weighed in on KLAR. BNP Paribas Exane began coverage on Klarna Group in a research report on Monday, October 6th. They set a "neutral" rating and a $46.00 price target on the stock. Zacks Research upgraded shares of Klarna Group to a "hold" rating in a research report on Tuesday, October 7th. Sanford C. Bernstein began coverage on shares of Klarna Group in a research report on Monday, October 6th. They issued a "market perform" rating and a $45.00 price objective for the company. Compass Point began coverage on shares of Klarna Group in a research report on Tuesday, September 16th. They issued a "buy" rating and a $53.00 price objective for the company. Finally, Rothschild Redb upgraded shares of Klarna Group to a "hold" rating in a research report on Monday, October 6th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $49.64.

Klarna Group Stock Down 0.5%

Klarna Group stock opened at $35.31 on Friday. Klarna Group has a one year low of $35.01 and a one year high of $57.20.

About Klarna Group

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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