Klarna Group (NYSE:KLAR) Now Covered by Analysts at Bank of America

Bank of America began coverage on shares of Klarna Group (NYSE:KLAR) in a research report sent to investors on Thursday. The firm issued a buy rating and a $21.00 price target on the stock.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company cut their target price on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Keefe, Bruyette & Woods lowered their price objective on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Morgan Stanley dropped their price objective on shares of Klarna Group from $39.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. JPMorgan Chase & Co. decreased their target price on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Finally, Citigroup dropped their price target on Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Stock Up 2.6%

NYSE KLAR traded up $0.36 during trading on Thursday, hitting $13.89. 2,544,752 shares of the stock traded hands, compared to its average volume of 5,562,673. Klarna Group has a 12-month low of $12.50 and a 12-month high of $57.20. The company has a 50-day moving average of $23.01. The firm has a market capitalization of $9.97 billion and a P/E ratio of -18.00.

Institutional Investors Weigh In On Klarna Group

Several institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. purchased a new position in shares of Klarna Group during the 3rd quarter worth about $2,199,000. SG Americas Securities LLC bought a new stake in Klarna Group in the third quarter worth about $868,000. Walmart Inc. purchased a new position in shares of Klarna Group during the third quarter valued at approximately $87,960,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Klarna Group during the third quarter valued at approximately $19,406,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Klarna Group in the third quarter worth approximately $295,000.

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.