Klarna Group (NYSE:KLAR) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Klarna Group (NYSE:KLAR) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

A number of other research firms have also weighed in on KLAR. Needham & Company LLC assumed coverage on shares of Klarna Group in a report on Tuesday, September 16th. They set a “hold” rating on the stock. Morgan Stanley started coverage on shares of Klarna Group in a research report on Monday, October 6th. They issued an “equal weight” rating and a $43.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Klarna Group in a research report on Monday, October 6th. They issued an “overweight” rating and a $50.00 price target on the stock. Wedbush started coverage on shares of Klarna Group in a research report on Monday, October 6th. They issued an “outperform” rating and a $50.00 price target on the stock. Finally, BNP Paribas upgraded shares of Klarna Group to a “hold” rating in a research report on Monday, October 6th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.64.

Klarna Group Stock Down 0.5%

KLAR opened at $35.31 on Friday. Klarna Group has a fifty-two week low of $35.01 and a fifty-two week high of $57.20.

About Klarna Group

Our mission is to reimagine how consumers spend and save in their daily lives. We help people save time, money and put them in control of their finances. Our vision is a world where Klarna empowers everyone, everywhere, through seamless commerce experiences-as a personalized, trusted assistant making financial empowerment effortless.