Wall Street Zen Upgrades Klarna Group (NYSE:KLAR) to Hold

Klarna Group (NYSE:KLAR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Monday.

A number of other equities analysts have also weighed in on KLAR. JPMorgan Chase & Co. dropped their price objective on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Klarna Group in a research note on Monday, December 29th. Morgan Stanley lowered their price target on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company cut their price objective on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Finally, UBS Group reduced their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

Klarna Group Price Performance

Shares of Klarna Group stock opened at $13.56 on Monday. Klarna Group has a fifty-two week low of $12.50 and a fifty-two week high of $57.20. The company has a market cap of $5.12 billion and a P/E ratio of -17.60. The business has a fifty day moving average price of $18.98.

Institutional Trading of Klarna Group

Several hedge funds have recently made changes to their positions in KLAR. Robeco Institutional Asset Management B.V. bought a new position in shares of Klarna Group in the 3rd quarter valued at about $2,199,000. SG Americas Securities LLC bought a new stake in Klarna Group during the third quarter worth approximately $868,000. Walmart Inc. purchased a new stake in Klarna Group during the third quarter valued at approximately $87,960,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Klarna Group in the 3rd quarter valued at approximately $19,406,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Klarna Group in the 3rd quarter valued at approximately $295,000.

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.