Klarna Group (NYSE:KLAR) Shares Gap Up - Here's Why

Key Points

• Klarna Group shares saw a significant increase, opening at $42.91 after a previous close of $40.74, with a trading volume of over 1.3 million shares.
• Analysts have issued mixed ratings on Klarna, with one upgrade to "buy" and a target price of $53.00, resulting in a consensus rating of "Moderate Buy."
• The company's mission focuses on empowering consumers to manage their finances more effectively through innovative commerce experiences.

Klarna Group plc (NYSE:KLAR - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $40.74, but opened at $42.91. Klarna Group shares last traded at $42.88, with a volume of 1,333,304 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC began coverage on shares of Klarna Group in a research report on Tuesday, September 16th. They issued a "hold" rating on the stock. Compass Point initiated coverage on shares of Klarna Group in a research note on Tuesday, September 16th. They issued a "buy" rating and a $53.00 target price for the company. Finally, Wall Street Zen raised shares of Klarna Group to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Klarna Group currently has a consensus rating of "Moderate Buy" and an average target price of $53.00.

Klarna Group Price Performance

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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