Keefe, Bruyette & Woods Lowers Klarna Group (NYSE:KLAR) Price Target to $45.00

Klarna Group (NYSE:KLARGet Free Report) had its price target dropped by analysts at Keefe, Bruyette & Woods from $52.00 to $45.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 58.48% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Bank of America cut their price target on Klarna Group from $51.00 to $46.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Sanford C. Bernstein assumed coverage on shares of Klarna Group in a report on Monday, October 6th. They issued a “market perform” rating and a $45.00 target price for the company. Needham & Company LLC started coverage on shares of Klarna Group in a report on Tuesday, September 16th. They issued a “hold” rating on the stock. Zacks Research upgraded shares of Klarna Group to a “hold” rating in a research note on Tuesday, October 7th. Finally, Wedbush started coverage on shares of Klarna Group in a research report on Monday, October 6th. They set an “outperform” rating and a $50.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

View Our Latest Stock Report on Klarna Group

Klarna Group Stock Down 1.8%

NYSE:KLAR traded down $0.52 during trading hours on Friday, reaching $28.40. The company’s stock had a trading volume of 1,327,892 shares, compared to its average volume of 2,087,090. The firm has a 50 day simple moving average of $32.61. The stock has a market cap of $20.38 billion and a P/E ratio of -43.82. Klarna Group has a 12 month low of $27.90 and a 12 month high of $57.20.

Institutional Investors Weigh In On Klarna Group

A number of large investors have recently made changes to their positions in KLAR. SC US Ttgp LTD. acquired a new position in shares of Klarna Group in the 3rd quarter valued at $2,016,821,000. Wellington Management Group LLP purchased a new stake in Klarna Group during the 3rd quarter valued at about $348,834,000. Dragoneer Investment Group LLC purchased a new stake in Klarna Group during the 3rd quarter valued at about $303,595,000. Scge Management L.P. acquired a new position in shares of Klarna Group in the third quarter valued at about $193,018,000. Finally, HarbourVest Partners LLC purchased a new position in shares of Klarna Group in the third quarter worth about $184,105,000.

More Klarna Group News

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

Klarna Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Klarna Group (NYSE:KLAR)

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