The Goldman Sachs Group Issues Positive Forecast for Klarna Group (NYSE:KLAR) Stock Price

Klarna Group (NYSE:KLAR) had its price objective hoisted by The Goldman Sachs Group from $21.00 to $25.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on KLAR. Deutsche Bank Aktiengesellschaft increased their price target on Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. BMO Capital Markets upped their target price on Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd. Keefe, Bruyette & Woods raised their price target on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. boosted their price target on Klarna Group from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Zacks Research raised shares of Klarna Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Klarna Group currently has an average rating of “Moderate Buy” and an average price target of $32.11.

Klarna Group Stock Performance

Shares of KLAR stock opened at $19.98 on Thursday. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The stock has a market cap of $7.54 billion and a price-to-earnings ratio of -38.43. The firm’s 50-day moving average is $17.12 and its 200-day moving average is $18.71.

Klarna Group (NYSE:KLAR) last announced its quarterly earnings results on Wednesday, May 20th. 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 return on equity of 7.62% and a negative net margin of 5.21%.The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. Sell-side analysts predict that Klarna Group will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Klarna Group

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

Key Klarna Group News

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

• Positive Sentiment: Goldman Sachs raised its price target on Klarna to $25 from $21 and reiterated a buy rating, implying meaningful upside from current levels. Goldman Sachs raises Klarna price target
• Positive Sentiment: UBS and JPMorgan also lifted their targets to $23 and $22, respectively, while both maintained constructive ratings, reinforcing a bullish analyst backdrop for KLAR. UBS and JPMorgan raise Klarna price targets
• Positive Sentiment: Zacks upgraded Klarna from hold to strong-buy, adding to the view that Wall Street sees improving fundamentals and valuation support. Zacks upgrades Klarna
• Positive Sentiment: Klarna announced a €900 million financing facility in Germany to support up to €5 billion of consumer financing expansion, signaling stronger demand for its “Fair Financing” products and giving the company more room to grow in a large European market. Klarna adds Germany financing facility
• Positive Sentiment: Klarna expanded its partnership with Flix, broadening payment options for travelers across the U.S. and Europe and increasing its exposure through a major mobility platform. Flix and Klarna expand partnership
• Neutral Sentiment: New coverage from Barclays and commentary around Klarna’s plan to become a bank highlight growing investor interest, but these items are more about long-term strategy than an immediate catalyst. Klarna wants to become a bank

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.