Wells Fargo & Company Initiates Coverage on Klarna Group (NYSE:KLAR)

Key Points

• Wells Fargo & Company has initiated coverage on Klarna Group, giving it an "overweight" rating with a target price of $45.00, suggesting a potential upside of 21.33% from the previous close.
• Other research firms such as BNP Paribas Exane and Deutsche Bank also began coverage on Klarna Group, with target prices ranging from $46.00 to $48.00.
• Currently, Klarna Group has an analyst consensus rating of "Moderate Buy" and a target price of $49.33, with 11 analysts rating it a Buy and 8 a Hold.

Investment analysts at Wells Fargo & Company initiated coverage on shares of Klarna Group (NYSE:KLAR - Get Free Report) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $45.00 price target on the stock. Wells Fargo & Company's price objective indicates a potential upside of 21.33% from the company's previous close.

Several other research firms have also weighed in on KLAR. BNP Paribas Exane began coverage on Klarna Group in a report on Monday, October 6th. They issued a "neutral" rating and a $46.00 target price for the company. Rothschild & Co Redburn began coverage on Klarna Group in a research report on Monday, October 6th. They issued a "neutral" rating and a $46.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Klarna Group in a research report on Monday, October 6th. They issued a "buy" rating and a $48.00 price target on the stock. Keefe, Bruyette & Woods assumed coverage on Klarna Group in a research report on Monday, October 6th. They issued an "outperform" rating and a $52.00 price target on the stock. Finally, Rothschild Redb upgraded Klarna Group to a "hold" rating in a research report on Monday, October 6th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.33.

Klarna Group Trading Up 0.1%

Shares of Klarna Group stock opened at $37.09 on Wednesday. Klarna Group has a 52-week low of $35.01 and a 52-week high of $57.20.

Klarna Group Company Profile

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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