Klarna Group (NYSE:KLAR) Upgraded to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Klarna Group (NYSE:KLAR) to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods increased their price target on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Morgan Stanley raised their price objective on shares of Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Bank of America upped their target price on shares of Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Weiss Ratings lowered Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $33.35.

Klarna Group Stock Performance

Shares of KLAR stock opened at $19.09 on Wednesday. The stock’s 50-day moving average is $16.02 and its two-hundred day moving average is $19.48. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20. The firm has a market cap of $7.21 billion and a price-to-earnings ratio of -36.71.

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

Institutional Investors Weigh In On Klarna Group

A number of institutional investors have recently added to or reduced their stakes in KLAR. US Bancorp DE purchased a new position in shares of Klarna Group during the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC boosted its position in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Klarna Group in the third quarter valued at approximately $37,000. Leonteq Securities AG purchased a new position in Klarna Group during the fourth quarter worth $29,000. Finally, CWM LLC increased its position in Klarna Group by 172.9% during the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares in the last quarter.

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.