Analysts Set Klarna Group plc (NYSE:KLAR) Price Target at $38.33

Klarna Group plc (NYSE:KLAR) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $38.3333.

Several analysts have recently issued reports on the company. UBS Group decreased their price objective on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Bank of America started coverage on shares of Klarna Group in a research note on Thursday, March 5th. They issued a “buy” rating and a $21.00 price objective for the company. Wall Street Zen downgraded shares of Klarna Group from a “hold” rating to a “sell” rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, February 20th.

Hedge Funds Weigh In On Klarna Group

A number of institutional investors and hedge funds have recently modified their holdings of KLAR. Walmart Inc. purchased a new position in shares of Klarna Group during the 3rd quarter worth about $87,960,000. WCM Investment Management LLC purchased a new stake in Klarna Group in the 3rd quarter worth about $16,040,000. Robeco Institutional Asset Management B.V. bought a new stake in Klarna Group in the third quarter worth about $2,199,000. ARK Investment Management LLC bought a new position in shares of Klarna Group during the third quarter valued at approximately $16,922,000. Finally, Dragoneer Investment Group LLC bought a new stake in shares of Klarna Group during the 3rd quarter worth approximately $303,595,000.

Klarna Group Stock Up 1.6%

Shares of KLAR stock opened at $13.30 on Monday. The company’s fifty day simple moving average is $17.09 and its two-hundred day simple moving average is $28.45. Klarna Group has a 52 week low of $12.06 and a 52 week high of $57.20. The stock has a market cap of $5.02 billion and a P/E ratio of -17.27.

Klarna Group (NYSE:KLAR) last issued its earnings results on Saturday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Klarna Group had a negative return on equity of 11.62% and a negative net margin of 8.41%.The firm had revenue of $0.87 million during the quarter. The company’s revenue was up 38.5% compared to the same quarter last year.

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.