Klarna Group plc (NYSE:KLAR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Klarna Group plc (NYSE:KLAR) have received an average rating of “Moderate Buy” from the eighteen analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.00.

KLAR has been the subject of a number of research reports. UBS Group cut their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a report on Monday, December 29th. Wall Street Zen lowered Klarna Group from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Bank of America reduced their target price on shares of Klarna Group from $51.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Finally, Citigroup decreased their target price 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.

Institutional Trading of Klarna Group

Several institutional investors have recently made changes to their positions in KLAR. SC US Ttgp LTD. acquired a new stake in Klarna Group during the third quarter worth $2,016,821,000. Commonwealth Bank of Australia acquired a new stake in Klarna Group in the 4th quarter valued at approximately $503,243,000. Wellington Management Group LLP purchased a new position in shares of Klarna Group during the third quarter worth $348,834,000. Dragoneer Investment Group LLC acquired a new position in Klarna Group during the 3rd quarter worth about $303,595,000. Finally, Scge Management L.P. purchased a new stake in Klarna Group during the third quarter worth about $193,018,000.

Klarna Group Stock Up 1.7%

Klarna Group stock opened at $13.61 on Thursday. The company has a fifty day moving average of $23.35. The firm has a market cap of $9.77 billion and a PE ratio of -17.68. Klarna Group has a 1 year low of $12.50 and a 1 year high of $57.20.

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.