Klarna Group (NYSE:KLAR) Given New $27.00 Price Target at Deutsche Bank Aktiengesellschaft

Klarna Group (NYSE:KLAR) had its price target raised by Deutsche Bank Aktiengesellschaft from $18.00 to $27.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 36.21% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company cut their price target on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Freedom Capital upgraded shares of Klarna Group to a “strong-buy” rating in a research note on Wednesday, June 24th. TD Cowen started coverage on Klarna Group in a research report on Monday, May 11th. They set a “hold” rating and a $16.00 price target on the stock. Finally, Weiss Ratings downgraded Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Klarna Group has an average rating of “Moderate Buy” and a consensus price target of $32.12.

Klarna Group Stock Performance

KLAR traded down $0.62 on Thursday, hitting $19.82. 1,340,827 shares of the company were exchanged, compared to its average volume of 5,856,847. The stock’s fifty day moving average is $16.46 and its 200-day moving average is $19.17. Klarna Group has a 12 month low of $12.06 and a 12 month high of $57.20. The company has a market cap of $7.48 billion and a PE ratio of -38.24.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.62% and a negative net margin of 5.21%.The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. As a group, equities research analysts expect that Klarna Group will post 0.04 EPS for the current fiscal year.

Institutional Trading of Klarna Group

Institutional investors have recently bought and sold shares of the business. Commonwealth Bank of Australia acquired a new stake in shares of Klarna Group in the fourth quarter valued at approximately $503,243,000. Wellington Management Group LLP bought a new position in Klarna Group during the 3rd quarter worth $348,834,000. Scge Management L.P. acquired a new position in Klarna Group in the 3rd quarter valued at $193,018,000. HarbourVest Partners LLC acquired a new position in Klarna Group in the 3rd quarter valued at $184,105,000. Finally, Technology Crossover Management X Ltd. bought a new stake in shares of Klarna Group during the 3rd quarter valued at $140,910,000.

Key Headlines Impacting Klarna Group

Here are the key news stories impacting Klarna Group this week:

• Positive Sentiment: Klarna won a $1.97 billion antitrust judgment against Google, a potentially significant financial windfall that could improve its liquidity and support future expansion. BusinessWire article
• Neutral Sentiment: Analysts initiated coverage with a neutral or market-perform view, suggesting the stock still faces questions about valuation and execution despite the legal win. Zacks article
• Neutral Sentiment: Citizens JMP also assigned Klarna a market-perform rating, reinforcing that some Wall Street firms remain cautious on the stock’s near-term upside. Seeking Alpha article

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.