Klarna Group (NYSE:KLAR) Now Covered by Analysts at Barclays

Barclays started coverage on shares of Klarna Group (NYSE:KLAR) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The firm issued an equal weight rating and a $20.00 price target on the stock.

Several other research firms have also issued reports on KLAR. BMO Capital Markets boosted their target price on Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Wells Fargo & Company cut their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Weiss Ratings cut shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Klarna Group currently has an average rating of “Moderate Buy” and an average target price of $31.89.

Klarna Group Stock Performance

KLAR opened at $19.07 on Wednesday. The company has a fifty day moving average price of $16.99 and a two-hundred day moving average price of $18.79. The firm has a market capitalization of $7.20 billion and a PE ratio of -36.68. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 42.7% compared to the same quarter last year. Equities analysts forecast that Klarna Group will post 0.04 EPS for the current year.

Institutional Trading of Klarna Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia bought a new stake in shares of Klarna Group in the 4th quarter valued at about $503,243,000. Wellington Management Group LLP bought a new stake in Klarna Group in the third quarter valued at approximately $348,834,000. Scge Management L.P. acquired a new stake in shares of Klarna Group in the third quarter valued at approximately $193,018,000. HarbourVest Partners LLC acquired a new stake in shares of Klarna Group in the third quarter valued at approximately $184,105,000. Finally, MIC Capital Management UK LLP acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $99,502,000.

Key Klarna Group News

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

• Positive Sentiment: Klarna expanded its partnership with Flix, adding flexible payment options across 21 markets and broadening its reach with travelers in the U.S. and Europe. Flix and Klarna Expand Partnership to Give Millions of Travelers Across the U.S. and Europe More Ways to Pay
• Positive Sentiment: Southwest Airlines began rolling out Klarna as a payment option, which could increase transaction volume and strengthen Klarna’s brand with U.S. consumers. Klarna lands Southwest Airlines, bringing flexible payments to millions of US travelers this fall
• Positive Sentiment: UBS raised its price target on Klarna and reiterated a buy rating, while JPMorgan also lifted its target and kept an overweight stance, signaling stronger analyst confidence in the company’s outlook.
• Positive Sentiment: Analyst coverage now points to a consensus moderate buy, suggesting Wall Street sentiment has improved around Klarna’s growth prospects.
• Neutral Sentiment: Klarna is seeking an ILC charter and has public reports about wanting to become a bank; that could expand its long-term product set, but it also brings regulatory and execution risk. Klarna applies for ILC charter
• Neutral Sentiment: Media coverage about Klarna seeking to disrupt the U.S. market adds visibility, but it does not yet represent a clear near-term financial catalyst. Klarna seeks to disrupt US market
• Negative Sentiment: TD Cowen’s price-target increase came with only a hold rating and a target near the current share price, which indicates some analysts still see limited upside from here.

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.