Bank of America Increases Klarna Group (NYSE:KLAR) Price Target to $23.00

Klarna Group (NYSE:KLAR) had its price objective boosted by equities researchers at Bank of America from $21.00 to $23.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price suggests a potential upside of 48.75% from the stock’s current price.

Several other research firms have also recently issued reports on KLAR. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company lowered their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday. TD Cowen assumed coverage on shares of Klarna Group in a research note on Monday, May 11th. They set a “hold” rating and a $16.00 target price on the stock. UBS Group lowered their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Morgan Stanley upped their target price on shares of Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Klarna Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.24.

Klarna Group Stock Performance

Shares of NYSE:KLAR traded up $0.29 during trading on Monday, reaching $15.46. 3,767,984 shares of the stock traded hands, compared to its average volume of 5,975,994. The stock has a 50-day moving average of $14.01 and a two-hundred day moving average of $22.84. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The stock has a market cap of $5.84 billion and a P/E ratio of -29.75.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.64%. The firm had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $940.90 million. The business’s revenue was up 42.7% on a year-over-year basis. Sell-side analysts expect that Klarna Group will post -0.12 earnings per share for the current year.

Institutional Trading of Klarna Group

Several large investors have recently added to or reduced their stakes in KLAR. SG Americas Securities LLC bought a new stake in Klarna Group during the third quarter valued at approximately $868,000. Wealth Enhancement Advisory Services LLC bought a new stake in Klarna Group during the 3rd quarter worth approximately $295,000. Emerald Mutual Fund Advisers Trust bought a new stake in Klarna Group during the 3rd quarter worth approximately $628,000. TD Waterhouse Canada Inc. bought a new stake in Klarna Group during the 3rd quarter worth approximately $43,000. Finally, Jones Financial Companies Lllp bought a new stake in Klarna Group during the 3rd quarter worth approximately $46,000.

About Klarna Group

Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.

Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.