Klarna Group (NYSE:KLAR) Coverage Initiated at Bank of America

Equities research analysts at Bank of America assumed coverage on shares of Klarna Group (NYSE:KLAR) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating and a $21.00 price target on the stock. Bank of America‘s target price points to a potential upside of 47.89% from the company’s previous close.

A number of other brokerages also recently issued reports on KLAR. Keefe, Bruyette & Woods lowered their price target on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Klarna Group in a research report on Monday, December 29th. Morgan Stanley dropped their target price on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company cut their price target on Klarna Group from $45.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Finally, Wolfe Research lowered their price target on Klarna Group from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 19th. Eleven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Klarna Group currently has an average rating of “Moderate Buy” and an average price target of $38.33.

Klarna Group Stock Up 4.6%

Shares of KLAR traded up $0.63 during mid-day trading on Thursday, reaching $14.20. The company had a trading volume of 519,320 shares, compared to its average volume of 5,510,381. The company has a 50 day moving average price of $23.35. The firm has a market capitalization of $10.19 billion and a PE ratio of -18.45. Klarna Group has a 52-week low of $12.50 and a 52-week high of $57.20.

Institutional Investors Weigh In On Klarna Group

Large investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. purchased a new stake in Klarna Group during the 3rd quarter worth about $2,199,000. SG Americas Securities LLC purchased a new stake in shares of Klarna Group in the 3rd quarter valued at approximately $868,000. Walmart Inc. purchased a new stake in shares of Klarna Group during the 3rd quarter worth $87,960,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Klarna Group in the third quarter valued at $19,406,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Klarna Group during the 3rd quarter worth about $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.