Klarna Group (NYSE:KLAR) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Klarna Group (NYSE:KLAR) from a hold rating to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on KLAR. Citizens Jmp started coverage on Klarna Group in a report on Tuesday, June 30th. They set a “market perform” rating for the company. Keefe, Bruyette & Woods boosted their price target on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. UBS Group upped their price objective on Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings lowered Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Finally, Freedom Capital upgraded shares of Klarna Group to a “strong-buy” rating in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Klarna Group presently has an average rating of “Moderate Buy” and an average price target of $31.89.

Klarna Group Stock Performance

NYSE KLAR opened at $19.07 on Tuesday. Klarna Group has a one year low of $12.06 and a one year high of $57.20. The company has a market capitalization of $7.20 billion and a price-to-earnings ratio of -36.68. The company’s 50-day simple moving average is $16.99 and its two-hundred day simple moving average is $18.79.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. Klarna Group’s revenue was up 42.7% compared to the same quarter last year. Equities analysts expect that Klarna Group will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Klarna Group

Institutional investors have recently made changes to their positions in the business. US Bancorp DE acquired a new position in Klarna Group during the 3rd quarter valued at about $30,000. Global Retirement Partners LLC boosted its holdings in Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 800 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Klarna Group during the third quarter worth about $37,000. Leonteq Securities AG acquired a new position in shares of Klarna Group during the fourth quarter valued at about $29,000. Finally, CWM LLC increased its holdings in shares of Klarna Group by 172.9% during the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after acquiring an additional 949 shares in the last quarter.

Key Stories Impacting Klarna Group

Here are the key news stories impacting Klarna Group this week:

• Positive Sentiment: UBS and JPMorgan both raised their price targets on Klarna, with UBS lifting its target to $23 and JPMorgan to $22, reinforcing a more constructive outlook on the stock. Klarna Group (NYSE:KLAR) Price Target Raised to $23.00 at UBS Group Klarna Group (NYSE:KLAR) Price Target Raised to $22.00 at JPMorgan Chase & Co.
• Positive Sentiment: Barclays initiated coverage with an “equal weight” rating and a $20 target, adding to the overall analyst attention around Klarna and supporting the view that the shares may still have room to rise. Klarna Group (NYSE:KLAR) Now Covered by Analysts at Barclays
• Positive Sentiment: Klarna’s expanded partnership with Flix increases its footprint across 21 markets in the U.S. and Europe, giving millions of travelers more ways to pay and potentially driving more transaction volume for the company. Flix and Klarna Expand Partnership to Give Millions of Travelers Across the U.S. and Europe More Ways to Pay
• Positive Sentiment: Klarna also landed a partnership with Southwest Airlines, which could widen adoption of its flexible payment options among U.S. travelers and support revenue growth. Klarna lands Southwest Airlines, bringing flexible payments to millions of US travelers this fall
• Neutral Sentiment: Coverage commentary and articles about Klarna seeking to disrupt the U.S. market and potentially become a bank highlight the company’s long-term strategy, but these are more about strategic direction than immediate financial results. Klarna seeks to disrupt US market Klarna wants to become a bank. Here’s what that could mean for millions of customers
• Neutral Sentiment: Klarna’s application for an industrial loan company charter could eventually broaden its banking capabilities, but it also introduces regulatory execution risk and is not an immediate earnings catalyst. Klarna applies for ILC charter
• Neutral Sentiment: A Zacks mention naming KLAR among mobile payments beneficiaries supports the broader theme of growing cashless commerce, but it is not company-specific news. Top Mobile Payments Stocks to Buy as Cashless Commerce Accelerates

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.