Klarna Group (NYSE:KLAR) Stock Rating Upgraded by Wall Street Zen

Klarna Group (NYSE:KLAR) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

A number of other research analysts have also commented on the company. Keefe, Bruyette & Woods started coverage on Klarna Group in a research report on Monday, October 6th. They set an “outperform” rating and a $52.00 price target for the company. Bank of America began coverage on Klarna Group in a report on Monday, October 6th. They set a “buy” rating and a $51.00 target price for the company. Wolfe Research initiated coverage on shares of Klarna Group in a report on Monday, October 6th. They issued an “outperform” rating and a $50.00 price target on the stock. Rothschild Redb upgraded shares of Klarna Group to a “hold” rating in a report on Monday, October 6th. Finally, Wells Fargo & Company started coverage on shares of Klarna Group in a research note on Wednesday, October 22nd. They set an “overweight” rating and a $45.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Klarna Group Price Performance

KLAR stock opened at $39.96 on Friday. Klarna Group has a 12-month low of $35.01 and a 12-month high of $57.20.

Hedge Funds Weigh In On Klarna Group

Several large investors have recently made changes to their positions in KLAR. SG Americas Securities LLC purchased a new stake in shares of Klarna Group in the 3rd quarter worth approximately $868,000. Robeco Institutional Asset Management B.V. bought a new stake in Klarna Group in the third quarter worth $2,199,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Klarna Group during the third quarter valued at $19,406,000. Finally, Walmart Inc. purchased a new position in shares of Klarna Group in the 3rd quarter worth about $87,960,000.

About Klarna Group

Our mission is to reimagine how consumers spend and save in their daily lives. We help people save time, money and put them in control of their finances. Our vision is a world where Klarna empowers everyone, everywhere, through seamless commerce experiences-as a personalized, trusted assistant making financial empowerment effortless.