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

Klarna Group (NYSE:KLAR) had its price target raised by stock analysts at Morgan Stanley from $16.00 to $18.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 18.53% from the stock’s previous close.

KLAR has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their target price on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday. 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. Bank of America began coverage on shares of Klarna Group in a report on Thursday, March 5th. They set a “buy” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, TD Cowen began coverage on shares of Klarna Group in a report on Monday, May 11th. They issued a “hold” rating and a $16.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $33.12.

Klarna Group Trading Up 0.1%

NYSE:KLAR opened at $15.19 on Monday. The firm has a market capitalization of $5.73 billion and a price-to-earnings ratio of -29.20. The firm’s fifty day simple moving average is $14.01 and its 200 day simple moving average is $22.84. Klarna Group has a twelve month low of $12.06 and a twelve month high of $57.20.

Klarna Group (NYSE:KLAR) last posted its earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.12. The business had revenue of $839.00 million for the quarter, compared to analyst estimates of $940.90 million. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.64%. The business’s revenue was up 42.7% compared to the same quarter last year. On average, analysts predict that Klarna Group will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Klarna Group

A number of institutional investors have recently added to or reduced their stakes in the company. SummitTX Capital L.P. acquired a new position in Klarna Group in the 1st quarter worth $787,000. Corsair Capital Management L.P. bought a new stake in shares of Klarna Group in the 1st quarter worth about $524,000. North Reef Capital Management LP increased its position in shares of Klarna Group by 39.9% in the 1st quarter. North Reef Capital Management LP now owns 223,820 shares of the company’s stock worth $2,930,000 after purchasing an additional 63,824 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Klarna Group by 173.9% in the 1st 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 during the last quarter. Finally, Walleye Capital LLC increased its position in shares of Klarna Group by 35.4% in the 1st quarter. Walleye Capital LLC now owns 121,352 shares of the company’s stock worth $1,588,000 after purchasing an additional 31,729 shares during the last quarter.

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.