Klarna Group (NYSE:KLAR) Price Target Raised to $22.00

Klarna Group (NYSE:KLAR) had its target price lifted by JPMorgan Chase & Co. from $20.00 to $22.00 in a research report report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other equities research analysts also recently issued reports on KLAR. TD Cowen increased their target price on Klarna Group from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Tuesday. Bank of America boosted their price objective on Klarna Group from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Morgan Stanley increased their price objective on Klarna Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Monday, May 18th. Barclays started coverage on Klarna Group in a research note on Wednesday. They issued an “equal weight” rating and a $20.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their target price on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.11.

Klarna Group Stock Down 1.9%

NYSE KLAR opened at $19.61 on Wednesday. The company’s 50 day moving average is $17.24 and its 200-day moving average is $18.72. Klarna Group has a 12-month low of $12.06 and a 12-month high of $57.20. The firm has a market cap of $7.40 billion and a P/E ratio of -37.71.

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

Institutional Investors Weigh In On Klarna Group

Institutional investors and hedge funds have recently made changes to their positions in the business. GoalVest Advisory LLC purchased a new position in Klarna Group during the second quarter worth about $539,000. Atwood & Palmer Inc. bought a new position in Klarna Group in the 2nd quarter worth about $86,000. FNY Investment Advisers LLC purchased a new stake in shares of Klarna Group in the 2nd quarter valued at about $303,000. Militia Capital Management LLC bought a new stake in shares of Klarna Group during the 1st quarter valued at about $3,625,000. Finally, Bank of America Corp DE boosted its position in shares of Klarna Group by 3.8% during the 1st quarter. Bank of America Corp DE now owns 193,603 shares of the company’s stock valued at $2,534,000 after acquiring an additional 7,134 shares during the last quarter.

Klarna Group News Summary

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

• Positive Sentiment: Goldman Sachs raised its price target on Klarna and reiterated a buy rating, signaling confidence that the stock still has room to run. The Goldman Sachs Group Issues Positive Forecast for Klarna Group (NYSE:KLAR) Stock Price
• Positive Sentiment: J.P. Morgan initiated coverage with a buy rating and also lifted its price target, adding to the momentum from major Wall Street firms. Klarna Group Plc (KLAR) Receives a Buy from J.P. Morgan
• Positive Sentiment: UBS kept a buy rating on Klarna, reinforcing the broader bullish analyst sentiment on the name. UBS Keeps Their Buy Rating on Klarna Group (KLAR)
• Positive Sentiment: Klarna announced a €900 million financing facility in Germany to support €5 billion of expansion in its consumer financing business, showing continued product demand and geographic growth. Klarna Adds Germany to Its Capital Efficiency Platform With €900m Facility Supporting €5bn of German Financing Expansion
• Neutral Sentiment: Additional coverage and valuation commentary from firms like Barclays and Zacks added attention to the stock, though these items mainly reinforce the existing analyst debate rather than introducing a major new catalyst. Klarna Group (NYSE:KLAR) Now Covered by Analysts at Barclays
• Neutral Sentiment: Separate commentary suggesting Klarna could be undervalued highlights upside potential, but it is more of a valuation view than a concrete business development. Klarna Group (KLAR) Could Be 56% Undervalued As Travel Deals And Bank Plan Expand Reach

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.