Klarna Group (NYSE:KLAR) Price Target Raised to $21.00

Key Points

• Morgan Stanley raised Klarna’s price target to $21 from $18 while maintaining an “equal weight” rating, implying 1.59% upside from the previous close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $32.28; estimates range from $20 to $26 among recently updated targets.
• Klarna’s shares closed at $20.67, while quarterly results exceeded expectations with an EPS loss of $0.01 versus the estimated loss of $0.13 and revenue growth of 42.7% year over year.

Klarna Group (NYSE:KLAR - Get Free Report) had its price target hoisted by research analysts at Morgan Stanley from $18.00 to $21.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 1.59% from the company's previous close.

A number of other equities analysts also recently weighed in on KLAR. Keefe, Bruyette & Woods boosted their target price on Klarna Group from $22.00 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, May 15th. Zacks Research cut Klarna Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 5th. UBS Group raised their target price on Klarna Group from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. Freedom Capital upgraded shares of Klarna Group to a "strong-buy" rating in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Klarna Group from $32.00 to $26.00 and set an "overweight" rating for the company in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.28.

Klarna Group Stock Down 0.0%

NYSE:KLAR traded down $0.01 during trading hours on Friday, hitting $20.67. 1,351,712 shares of the company traded hands, compared to its average volume of 5,407,970. The firm's 50-day simple moving average is $18.82 and its 200-day simple moving average is $16.89. Klarna Group has a one year low of $12.06 and a one year high of $57.20. The company has a market cap of $7.80 billion and a PE ratio of -39.70.

Klarna Group (NYSE:KLAR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. The business's revenue was up 42.7% compared to the same quarter last year. As a group, equities research analysts expect that Klarna Group will post 0.05 EPS for the current year.

Institutional Trading of Klarna Group

A number of large investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. increased its position in shares of Klarna Group by 44.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company's stock worth $48,000 after purchasing an additional 509 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Klarna Group by 19.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company's stock worth $117,000 after buying an additional 665 shares in the last quarter. Global Retirement Partners LLC grew its stake in Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company's stock worth $26,000 after buying an additional 800 shares in the last quarter. US Bancorp DE bought a new position in shares of Klarna Group in the 3rd quarter worth $30,000. Finally, SBI Securities Co. Ltd. raised its position in shares of Klarna Group by 42.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 2,891 shares of the company's stock valued at $84,000 after buying an additional 856 shares in the last quarter.

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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