Keefe, Bruyette & Woods Issues Positive Forecast for Klarna Group (NYSE:KLAR) Stock Price

Klarna Group (NYSE:KLAR) had its target price hoisted by Keefe, Bruyette & Woods from $22.00 to $26.00 in a research report report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. Wells Fargo & Company decreased their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday. BMO Capital Markets increased their price target on Klarna Group from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday. UBS Group decreased their price target on Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, TD Cowen began coverage on Klarna Group in a research report on Monday, May 11th. They issued a “hold” rating and a $16.00 price target for the company. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.41.

Klarna Group Stock Down 7.8%

NYSE:KLAR opened at $15.19 on Friday. The business’s 50-day moving average price is $14.01 and its 200 day moving average price is $22.96. The firm has a market cap of $5.73 billion and a P/E ratio of -29.20. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20.

Klarna Group (NYSE:KLAR) last released its quarterly earnings results on Thursday, May 14th. 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 7.64% and a negative net margin of 5.21%.The business had revenue of $839.00 million during the quarter, compared to analyst estimates of $940.90 million. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. Sell-side analysts expect that Klarna Group will post -0.12 EPS for the current year.

Institutional Investors Weigh In On Klarna Group

A number of institutional investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA boosted its position in Klarna Group by 43.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock worth $48,000 after acquiring an additional 500 shares during the period. TD Waterhouse Canada Inc. boosted its position in Klarna Group by 44.3% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock worth $48,000 after acquiring an additional 509 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in Klarna Group by 19.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock worth $117,000 after acquiring an additional 665 shares during the period. Global Retirement Partners LLC boosted its position in Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after acquiring an additional 800 shares during the period. Finally, US Bancorp DE acquired a new stake in Klarna Group during the 3rd quarter worth about $30,000.

Key Headlines Impacting Klarna Group

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

• Positive Sentiment: Klarna posted its first quarterly profit since listing, with Q1 revenue rising about 44% year over year to roughly $1.0 billion and adjusted operating profit of $68 million, signaling improving unit economics and stronger business momentum. BusinessWire earnings release
• Positive Sentiment: The company beat EPS expectations, reporting a loss of just $0.01 per share versus forecasts for a much larger loss, which suggests earnings are improving faster than analysts expected. Zacks earnings summary
• Positive Sentiment: Management said gross merchandise volume reached $33.7 billion and that the consumer/merchant network continues to expand, supporting the growth story behind Klarna’s buy-now-pay-later platform. PYMNTS article
• Positive Sentiment: Several Wall Street firms turned more constructive, with Goldman Sachs raising its target to $21, Keefe, Bruyette & Woods lifting its target to $26, and BMO also nudging its target higher, reinforcing investor confidence after the earnings beat. Benzinga analyst roundup
• Neutral Sentiment: One analyst, Wells Fargo, lowered its price target to $26, but kept an overweight rating, so the change was not a clear bearish signal. Benzinga analyst update
• Negative Sentiment: Revenue came in below consensus at $839 million versus expectations near $941 million, and the stock had already been under pressure earlier in the week before the earnings-driven rebound. MarketBeat stock data

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.