Citigroup Lowers Klarna Group (NYSE:KLAR) Price Target to $45.00

Klarna Group (NYSE:KLAR) had its target price dropped by equities research analysts at Citigroup from $58.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 59.15% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company assumed coverage on Klarna Group in a report on Wednesday, October 22nd. They set an “overweight” rating and a $45.00 target price on the stock. BNP Paribas raised shares of Klarna Group to a “hold” rating in a research note on Monday, October 6th. Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Sunday, October 26th. Bank of America reduced their price target on shares of Klarna Group from $51.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Wedbush initiated coverage on shares of Klarna Group in a report on Monday, October 6th. They issued an “outperform” rating and a $50.00 price target for the company. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Klarna Group presently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

Klarna Group Stock Performance

KLAR stock traded down $2.16 during midday trading on Thursday, reaching $28.28. The company’s stock had a trading volume of 4,063,824 shares, compared to its average volume of 3,419,148. The stock’s 50-day moving average price is $38.90. Klarna Group has a 52 week low of $27.91 and a 52 week high of $57.20.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Tuesday, November 18th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.08. The company had revenue of $903.00 million during the quarter, compared to analyst estimates of $887.94 million. Klarna Group has set its Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Klarna Group

Several large investors have recently made changes to their positions in the stock. SC US Ttgp LTD. acquired a new position in Klarna Group in the 3rd quarter worth $2,016,821,000. Wellington Management Group LLP bought a new position in shares of Klarna Group during the third quarter worth about $348,834,000. Dragoneer Investment Group LLC acquired a new stake in Klarna Group in the 3rd quarter valued at approximately $303,595,000. Scge Management L.P. bought a new stake in Klarna Group in the 3rd quarter valued at approximately $193,018,000. Finally, HarbourVest Partners LLC acquired a new position in Klarna Group during the 3rd quarter worth approximately $184,105,000.

Klarna Group Company Profile

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.