Klarna Group (NYSE:KLAR) Price Target Lowered to $45.00 at Keefe, Bruyette & Woods

Klarna Group (NYSE:KLARGet Free Report) had its price objective cut by analysts at Keefe, Bruyette & Woods from $52.00 to $45.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 58.48% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Bank of America dropped their price objective on Klarna Group from $51.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. Wells Fargo & Company initiated coverage on Klarna Group in a research report on Wednesday, October 22nd. They set an “overweight” rating and a $45.00 price objective on the stock. Compass Point began coverage on shares of Klarna Group in a research report on Tuesday, September 16th. They issued a “buy” rating and a $53.00 target price on the stock. Needham & Company LLC started coverage on Klarna Group in a research report on Tuesday, September 16th. They issued a “hold” rating on the stock. Finally, Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a research report on Sunday, October 26th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.60.

View Our Latest Stock Analysis on KLAR

Klarna Group Stock Performance

KLAR traded down $0.52 during trading on Friday, reaching $28.40. 1,327,892 shares of the company were exchanged, compared to its average volume of 2,087,090. The company has a 50-day simple moving average of $32.61. The stock has a market cap of $20.38 billion and a P/E ratio of -43.82. Klarna Group has a 12-month low of $27.90 and a 12-month high of $57.20.

Hedge Funds Weigh In On Klarna Group

A number of hedge funds and other institutional investors have recently modified their holdings of KLAR. SC US Ttgp LTD. purchased a new position in Klarna Group during the third quarter worth $2,016,821,000. Wellington Management Group LLP purchased a new position in shares of Klarna Group during the 3rd quarter worth about $348,834,000. Dragoneer Investment Group LLC bought a new position in Klarna Group during the 3rd quarter valued at about $303,595,000. Scge Management L.P. purchased a new stake in Klarna Group in the 3rd quarter worth about $193,018,000. Finally, HarbourVest Partners LLC bought a new stake in Klarna Group in the third quarter worth about $184,105,000.

Trending Headlines about Klarna Group

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About Klarna Group

(Get Free Report)

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.

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Analyst Recommendations for Klarna Group (NYSE:KLAR)

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