Klarna Group (NYSE:KLAR) Trading 9.3% Higher - Should You Buy?

Key Points

• Klarna Group's stock traded up by 9.3% recently, reaching as high as $41.50, compared to its previous close of $37.23.
• Analysts have given Klarna a consensus rating of "Moderate Buy" with a target price of $53.00, with at least one analyst rating it as a buy and another as hold.
• Recent coverage from Needham & Company and Compass Point reflects growing interest in Klarna, with Compass Point initiating a "buy" rating.

Klarna Group plc (NYSE:KLAR - Get Free Report) traded up 9.3% during mid-day trading on Thursday . The company traded as high as $41.50 and last traded at $40.69. 4,912,594 shares were traded during mid-day trading, a decline of 1% from the average session volume of 4,961,566 shares. The stock had previously closed at $37.23.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Klarna Group in a research note on Tuesday, September 16th. They set a "hold" rating for the company. Compass Point initiated coverage on shares of Klarna Group in a research report on Tuesday, September 16th. They set a "buy" rating and a $53.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Klarna Group to a "hold" rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Klarna Group has a consensus rating of "Moderate Buy" and a consensus 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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