Klarna Group (NYSE:KLAR) Price Target Raised to $22.00 at JPMorgan Chase & Co.

Klarna Group (NYSE:KLAR) had its target price lifted by JPMorgan Chase & Co. from $20.00 to $22.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts also recently issued research 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. Freedom Capital upgraded Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. Wells Fargo & Company decreased their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Keefe, Bruyette & Woods raised their target price on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Finally, Bank of America boosted their price target on Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.89.

Klarna Group Stock Down 1.8%

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

Klarna Group (NYSE:KLAR) last issued its 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% on a year-over-year basis. As a group, equities research analysts anticipate that Klarna Group will post 0.04 earnings per share for the current year.

Institutional Trading of Klarna Group

A number of hedge funds have recently made changes to their positions in KLAR. US Bancorp DE acquired a new position in Klarna Group during the 3rd quarter worth $30,000. First Trust Advisors LP acquired a new position in Klarna Group in the third quarter worth about $526,000. Russell Investments Group Ltd. bought a new stake in Klarna Group in the third quarter valued at about $19,272,000. Legal & General Group Plc acquired a new stake in Klarna Group during the third quarter valued at approximately $148,000. Finally, Capital Research Global Investors acquired a new position in shares of Klarna Group in the 3rd quarter worth approximately $3,793,000.

Key Stories Impacting Klarna Group

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.