Klarna Group (NYSE:KLAR) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Klarna Group (NYSE:KLAR) from a sell rating to a hold rating in a report issued on Saturday morning.

KLAR has been the subject of several other reports. Keefe, Bruyette & Woods decreased their price target on Klarna Group from $45.00 to $26.00 and set an “outperform” rating for the company in a 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 on the stock in a research note on Wednesday, February 18th. Bank of America began coverage on shares of Klarna Group in a research note on Thursday. They issued a “buy” rating and a $21.00 target price for the company. UBS Group lowered their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Wells Fargo & Company dropped their price target on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.33.

Klarna Group Stock Up 1.3%

Klarna Group stock opened at $13.70 on Friday. The firm has a market cap of $9.83 billion and a PE ratio of -17.79. The stock’s 50 day moving average is $22.69. Klarna Group has a twelve month low of $12.50 and a twelve month high of $57.20.

Hedge Funds Weigh In On Klarna Group

Several hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its position in shares of Klarna Group by 800.0% in the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares in the last quarter. Leonteq Securities AG purchased a new stake in Klarna Group during the 4th quarter worth about $29,000. US Bancorp DE acquired a new position in Klarna Group in the 3rd quarter valued at about $30,000. BIT Capital GmbH acquired a new position in Klarna Group in the 3rd quarter valued at about $37,000. Finally, Allworth Financial LP purchased a new position in Klarna Group in the 3rd quarter valued at about $37,000.

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.