Klarna Group (NYSE:KLAR) Price Target Raised to $21.00 at Morgan Stanley

Klarna Group (NYSE:KLAR) had its target price boosted by Morgan Stanley from $18.00 to $21.00 in a report published on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities analysts have also recently issued reports on KLAR. Wells Fargo & Company dropped their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, May 15th. Zacks Research cut Klarna Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. TD Cowen boosted their target price on Klarna Group from $17.00 to $19.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings cut Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.28.

Klarna Group Price Performance

Shares of NYSE:KLAR opened at $20.82 on Friday. Klarna Group has a 1-year low of $12.06 and a 1-year high of $57.20. The stock has a market cap of $7.86 billion and a P/E ratio of -40.05. The firm has a fifty day moving average price of $18.90 and a 200 day moving average price of $16.92.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings data on Wednesday, May 20th. 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 7.62%. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. Sell-side analysts expect that Klarna Group will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Klarna Group

A number of hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares during the period. Leonteq Securities AG purchased a new stake in shares of Klarna Group in the fourth quarter valued at approximately $29,000. US Bancorp DE acquired a new position in Klarna Group during the third quarter worth $30,000. CWM LLC raised its position in Klarna Group by 172.9% in the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after acquiring an additional 949 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in Klarna Group by 44.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock worth $48,000 after acquiring an additional 509 shares in the last quarter.

Klarna Group Company Profile

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.