Klarna Group (NYSE:KLAR) Price Target Raised to $23.00

Klarna Group (NYSE:KLAR) had its price target upped by UBS Group from $20.00 to $23.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently weighed in on KLAR. Wells Fargo & Company reduced their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, May 15th. Freedom Capital upgraded shares of Klarna Group to a “strong-buy” rating in a report on Wednesday, June 24th. The Goldman Sachs Group upped 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. TD Cowen increased their price target on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $32.11.

Klarna Group Stock Performance

Klarna Group stock opened at $19.61 on Wednesday. Klarna Group has a fifty-two week low of $12.06 and a fifty-two week high of $57.20. The stock’s 50 day simple moving average is $17.24 and its two-hundred day simple moving average is $18.72. The stock has a market cap of $7.40 billion and a price-to-earnings ratio of -37.71.

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, topping the consensus estimate 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 quarterly revenue was up 42.7% compared to the same quarter last year. On average, analysts predict that Klarna Group will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Klarna Group

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

Key Headlines Impacting Klarna Group

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

• Positive Sentiment: Goldman Sachs raised its price target on Klarna and reiterated a buy rating, signaling confidence that the stock still has room to run. The Goldman Sachs Group Issues Positive Forecast for Klarna Group (NYSE:KLAR) Stock Price
• Positive Sentiment: J.P. Morgan initiated coverage with a buy rating and also lifted its price target, adding to the momentum from major Wall Street firms. Klarna Group Plc (KLAR) Receives a Buy from J.P. Morgan
• Positive Sentiment: UBS kept a buy rating on Klarna, reinforcing the broader bullish analyst sentiment on the name. UBS Keeps Their Buy Rating on Klarna Group (KLAR)
• Positive Sentiment: Klarna announced a €900 million financing facility in Germany to support €5 billion of expansion in its consumer financing business, showing continued product demand and geographic growth. Klarna Adds Germany to Its Capital Efficiency Platform With €900m Facility Supporting €5bn of German Financing Expansion
• Neutral Sentiment: Additional coverage and valuation commentary from firms like Barclays and Zacks added attention to the stock, though these items mainly reinforce the existing analyst debate rather than introducing a major new catalyst. Klarna Group (NYSE:KLAR) Now Covered by Analysts at Barclays
• Neutral Sentiment: Separate commentary suggesting Klarna could be undervalued highlights upside potential, but it is more of a valuation view than a concrete business development. Klarna Group (KLAR) Could Be 56% Undervalued As Travel Deals And Bank Plan Expand Reach

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.