Klarna Group (NYSE:KLAR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Klarna Group (NYSE:KLAR) had its price target lifted by research analysts at JPMorgan Chase & Co. from $20.00 to $22.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 18.98% from the company’s previous close.

A number of other analysts have also issued reports on the company. Wells Fargo & Company lowered their price target on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Morgan Stanley lifted their target price on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. Barclays assumed coverage on Klarna Group in a research report on Wednesday. They set an “equal weight” rating and a $20.00 price target on the stock. Citizens Jmp initiated coverage on Klarna Group in a research note on Tuesday, June 30th. They set a “market perform” rating on the stock. Finally, Freedom Capital raised shares of Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.72.

Klarna Group Stock Down 4.8%

KLAR stock traded down $0.93 during trading on Wednesday, hitting $18.49. The company had a trading volume of 877,264 shares, compared to its average volume of 5,815,560. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The company has a 50 day simple moving average of $16.89 and a 200-day simple moving average of $18.87. The firm has a market capitalization of $6.98 billion and a P/E ratio of -35.57.

Klarna Group (NYSE:KLAR) last issued its earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. Klarna Group’s quarterly revenue was up 42.7% on a year-over-year basis. Sell-side analysts forecast that Klarna Group will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KLAR. Global Retirement Partners LLC boosted its position in Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Klarna Group during the fourth quarter valued at about $29,000. US Bancorp DE purchased a new stake in shares of Klarna Group during the third quarter valued at about $30,000. Allworth Financial LP purchased a new position in shares of Klarna Group in the 3rd quarter worth approximately $37,000. Finally, CWM LLC grew its position in shares of Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after buying an additional 949 shares during the last quarter.

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.