Klarna Group (NYSE:KLAR) Sets New 12-Month Low - What's Next?

Key Points

• Klarna Group's shares reached a new **52-week low** of $35.27 during trading, closing at $35.52 with a trading volume of approximately **3.1 million shares**.
• Recent reports indicate a mixed response from analysts, with **10 holding a "Buy"** rating and 8 giving it a **"Hold"** rating, reflecting a **consensus rating of "Moderate Buy"**.
• Bank of America set a **target price of $51.00** for Klarna Group, suggesting potential upside from the current trading price.

Shares of Klarna Group plc (NYSE:KLAR - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $35.27 and last traded at $35.52, with a volume of 3104489 shares traded. The stock had previously closed at $37.76.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Klarna Group to a "hold" rating in a research report on Saturday, September 13th. Needham & Company LLC assumed coverage on shares of Klarna Group in a research report on Tuesday, September 16th. They set a "hold" rating for the company. Sanford C. Bernstein assumed coverage on shares of Klarna Group in a research report on Monday, October 6th. They set a "market perform" rating and a $45.00 price objective for the company. BNP Paribas raised shares of Klarna Group to a "hold" rating in a report on Monday, October 6th. Finally, Bank of America assumed coverage on shares of Klarna Group in a report on Monday, October 6th. They set a "buy" rating and a $51.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.64.

Klarna Group Stock Down 6.0%

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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