Klarna Group (NYSE:KLAR) Price Target Lowered to $20.00 at JPMorgan Chase & Co.

Klarna Group (NYSE:KLARFree Report) had its price objective lowered by JPMorgan Chase & Co. from $40.00 to $20.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other equities research analysts also recently commented on the company. Wolfe Research reduced their target price on Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. UBS Group decreased their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday. Keefe, Bruyette & Woods dropped their price target 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. Finally, Citigroup reduced their price target on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Eleven equities 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

Check Out Our Latest Research Report on Klarna Group

Klarna Group Trading Down 5.9%

KLAR stock opened at $13.04 on Friday. Klarna Group has a one year low of $13.00 and a one year high of $57.20. The stock has a market cap of $9.36 billion and a price-to-earnings ratio of -16.93. The firm’s 50 day moving average price is $26.04.

Institutional Trading of Klarna Group

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

Key Stories Impacting Klarna Group

Here are the key news stories impacting Klarna Group this week:

About Klarna Group

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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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