Klarna Group plc (NYSE:KLAR) Receives $40.00 Average PT from Brokerages

Shares of Klarna Group plc (NYSE:KLAR) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $38.3333.

Several equities analysts have commented on the company. Wells Fargo & Company dropped their target price on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Wall Street Zen raised Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America initiated coverage on shares of Klarna Group in a report on Thursday, March 5th. They issued a “buy” rating and a $21.00 price objective for the company. Citigroup cut their target price on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 20th.

Klarna Group Stock Performance

KLAR stock opened at $14.43 on Thursday. The firm has a market capitalization of $10.35 billion and a P/E ratio of -18.73. Klarna Group has a 52 week low of $12.50 and a 52 week high of $57.20. The company has a 50-day moving average of $22.39.

Hedge Funds Weigh In On Klarna Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Klarna Group during the 4th quarter worth approximately $72,323,000. Delta Global Management LP acquired a new position in shares of Klarna Group during the fourth quarter worth approximately $2,308,000. XTX Topco Ltd raised its position in shares of Klarna Group by 132.8% during the fourth quarter. XTX Topco Ltd now owns 87,353 shares of the company’s stock worth $2,525,000 after purchasing an additional 49,837 shares during the period. Prana Capital Management LP bought a new position in shares of Klarna Group in the 4th quarter worth $629,000. Finally, Quadrature Capital Ltd acquired a new stake in Klarna Group in the 4th quarter valued at $1,120,000.

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.