Wells Fargo & Company Cuts Klarna Group (NYSE:KLAR) Price Target to $21.00

Klarna Group (NYSE:KLAR) had its price objective decreased by Wells Fargo & Company from $26.00 to $21.00 in a research report released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other equities analysts have also recently issued reports on KLAR. UBS Group upped their price objective on Klarna Group from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Freedom Capital raised Klarna Group to a “strong-buy” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Citizens Jmp initiated coverage on Klarna Group in a report on Tuesday, June 30th. They set a “market perform” rating on the stock. Finally, TD Cowen increased their price objective on Klarna Group from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Klarna Group currently has an average rating of “Hold” and an average price target of $30.78.

Klarna Group Stock Performance

Shares of NYSE KLAR opened at $14.30 on Wednesday. The firm’s 50 day moving average price is $18.83 and its 200-day moving average price is $16.58. The company has a market cap of $5.40 billion and a PE ratio of -38.65. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20.

Klarna Group (NYSE:KLAR) last posted its quarterly earnings results on Tuesday, August 18th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $992.56 million. Klarna Group had a negative net margin of 3.54% and a negative return on equity of 5.39%. The business’s revenue was up 26.6% on a year-over-year basis. On average, analysts forecast that Klarna Group will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Klarna Group

A number of large investors have recently added to or reduced their stakes in KLAR. TD Waterhouse Canada Inc. grew its position in Klarna Group by 44.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock worth $48,000 after purchasing an additional 509 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Klarna Group by 19.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock valued at $117,000 after buying an additional 665 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares during the last quarter. US Bancorp DE purchased a new position in shares of Klarna Group in the 3rd quarter worth $30,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Klarna Group by 42.1% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,891 shares of the company’s stock worth $84,000 after acquiring an additional 856 shares during the period.

Trending Headlines about Klarna Group

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

• Positive Sentiment: Keefe, Bruyette & Woods maintained an “outperform” rating while lowering its price target from $26 to $21, implying considerable potential upside. Benzinga analyst note
• Positive Sentiment: Citi initiated or reiterated a Buy view on Klarna, providing some support despite the broader analyst estimate reductions. Klarna receives a Buy from Citi
• Positive Sentiment: Klarna said higher margins and stronger U.S. growth are helping offset weaker gross merchandise volume, particularly softer spending in Germany. The company raised its 2026 transaction-margin-dollar outlook, a potentially constructive sign for profitability. Klarna Q2 earnings call analysis

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.