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

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

Several other equities analysts have also recently weighed in on the stock. Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. increased their price target on shares of Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen lifted their price objective on shares of Klarna Group from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.89.

Klarna Group Trading Down 1.8%

Shares of NYSE KLAR opened at $19.07 on Wednesday. The firm has a market cap of $7.20 billion and a PE ratio of -36.68. Klarna Group has a 1-year low of $12.06 and a 1-year high of $57.20. The company has a fifty day moving average price of $16.99 and a 200 day moving average price of $18.79.

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

Institutional Investors Weigh In On Klarna Group

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

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.

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.