Klarna Group (NYSE:KLAR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Klarna Group (NYSE:KLAR) had its price target hoisted by research analysts at Morgan Stanley from $18.00 to $21.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 1.59% from the stock’s previous close.

KLAR has been the topic of several other research reports. Wells Fargo & Company reduced their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. TD Cowen boosted their price target on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings cut Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Keefe, Bruyette & Woods boosted their target price on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Klarna Group has an average rating of “Moderate Buy” and a consensus target price of $32.28.

Klarna Group Stock Performance

NYSE:KLAR traded down $0.01 during mid-day trading on Friday, reaching $20.67. The stock had a trading volume of 1,351,712 shares, compared to its average volume of 5,407,970. The stock has a market capitalization of $7.80 billion and a P/E ratio of -39.70. The firm has a 50 day moving average price of $18.82 and a two-hundred day moving average price of $16.89. Klarna Group has a one year low of $12.06 and a one year high of $57.20.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 42.7% on a year-over-year basis. Research analysts forecast that Klarna Group will post 0.05 earnings per share for the current year.

Institutional Trading of Klarna Group

A number of institutional investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Klarna Group by 53.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 812,743 shares of the company’s stock valued at $23,496,000 after purchasing an additional 283,261 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Klarna Group by 173.9% in the first quarter. Renaissance Technologies LLC now owns 2,043,100 shares of the company’s stock worth $26,744,000 after purchasing an additional 1,297,200 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Klarna Group during the first quarter valued at $1,964,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Klarna Group by 150.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 150,000 shares of the company’s stock valued at $4,336,000 after buying an additional 90,000 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Klarna Group by 32.9% in the 4th quarter. UBS Group AG now owns 1,376,248 shares of the company’s stock worth $39,787,000 after buying an additional 340,562 shares during the period.

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.