Klarna Group (NYSE:KLAR) Price Target Raised to $22.00 at JPMorgan Chase & Co.

Klarna Group (NYSE:KLAR) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $20.00 to $22.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 18.98% from the stock’s current price.

KLAR has been the topic of several other research reports. Bank of America boosted their target price on shares of Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Citizens Jmp assumed coverage on Klarna Group in a research note on Tuesday, June 30th. They issued a “market perform” rating on the stock. Keefe, Bruyette & Woods increased their target price on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Wells Fargo & Company cut their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Klarna Group from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given 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 an average target price of $31.72.

Klarna Group Price Performance

Shares of NYSE:KLAR traded down $0.93 during mid-day trading on Wednesday, reaching $18.49. 877,264 shares of the company traded hands, compared to its average volume of 5,815,560. The company’s 50 day moving average price is $16.89 and its 200-day moving average price is $18.87. The firm has a market cap of $6.98 billion and a PE ratio of -35.57. 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 Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, topping 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%. Klarna Group’s quarterly revenue was up 42.7% on a year-over-year basis. On average, research analysts predict that Klarna Group will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Klarna Group

Several institutional investors have recently made changes to their positions in KLAR. Militia Capital Management LLC purchased a new position in shares of Klarna Group during the 1st quarter worth about $3,625,000. Bank of America Corp DE lifted its stake in Klarna Group by 3.8% in the first quarter. Bank of America Corp DE now owns 193,603 shares of the company’s stock worth $2,534,000 after purchasing an additional 7,134 shares during the last quarter. Royal Bank of Canada lifted its stake in Klarna Group by 72.1% in the first quarter. Royal Bank of Canada now owns 11,007 shares of the company’s stock worth $145,000 after purchasing an additional 4,612 shares during the last quarter. SummitTX Capital L.P. bought a new position in shares of Klarna Group during the first quarter valued at approximately $787,000. Finally, Corsair Capital Management L.P. purchased a new stake in shares of Klarna Group in the first quarter worth approximately $524,000.

About Klarna Group

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.