Morgan Stanley Issues Positive Forecast for Klarna Group (NYSE:KLAR) Stock Price

Klarna Group (NYSE:KLAR) had its price target increased by Morgan Stanley from $16.00 to $18.00 in a research report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets upped their price target on shares of Klarna Group from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Friday. TD Cowen assumed coverage on shares of Klarna Group in a research report on Monday, May 11th. They set a “hold” rating and a $16.00 price target for the company. Bank of America assumed coverage on shares of Klarna Group in a research report on Thursday, March 5th. They set a “buy” rating and a $21.00 price target for the company. Finally, UBS Group decreased their price target on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Klarna Group has an average rating of “Moderate Buy” and an average target price of $33.24.

Klarna Group Stock Up 2.7%

Shares of NYSE KLAR opened at $15.59 on Monday. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The firm has a fifty day moving average of $14.05 and a 200-day moving average of $22.68. The stock has a market capitalization of $5.88 billion and a PE ratio of -29.97.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.64%. The company had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $940.90 million. The firm’s quarterly revenue was up 42.7% compared to the same quarter last year. Equities research analysts expect that Klarna Group will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Klarna Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KLAR. Compagnie Lombard Odier SCmA raised its stake in shares of Klarna Group by 43.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock valued at $48,000 after purchasing an additional 500 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Klarna Group by 44.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after purchasing an additional 509 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Klarna Group by 19.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock valued at $117,000 after purchasing an additional 665 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in shares of Klarna Group in the 3rd quarter valued at about $30,000.

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.