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Klarna Group (NYSE:KLAR) Reaches New 12-Month Low - Time to Sell?

Klarna Group logo with Computer and Technology background

Key Points

  • Klarna Group's stock has hit a new 12-month low, trading at $40.03, marking a significant drop with a last recorded price of $40.09.
  • Recent analyst reports have assigned a consensus rating of "Moderate Buy" for Klarna Group, with a target price set at $53.00 from analysts at Compass Point.
  • The stock has seen a weekly decline of 5.6%, indicating ongoing challenges for the company in the current market environment.
  • Interested in Klarna Group? Here are five stocks we like better.

Klarna Group plc (NYSE:KLAR - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $40.03 and last traded at $40.09, with a volume of 416037 shares traded. The stock had previously closed at $41.50.

Analyst Ratings Changes

KLAR has been the topic of several research analyst reports. Wall Street Zen raised Klarna Group to a "hold" rating in a research report on Saturday, September 13th. Compass Point began coverage on Klarna Group in a report on Tuesday, September 16th. They issued a "buy" rating and a $53.00 target price on the stock. Finally, Needham & Company LLC began coverage on Klarna Group in a report on Tuesday, September 16th. They issued a "hold" rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

Read Our Latest Stock Report on KLAR

Klarna Group Stock Down 5.6%

About Klarna Group

(Get Free Report)

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.

Further Reading

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