Bank of America Increases Klarna Group (NYSE:KLAR) Price Target to $23.00

Klarna Group (NYSE:KLAR) had its target price increased by investment analysts at Bank of America from $21.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price indicates a potential upside of 48.75% from the company’s previous close.

A number of other research firms have also weighed in on KLAR. UBS Group cut their target price on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating for the company in a report on Friday, February 20th. TD Cowen started coverage on shares of Klarna Group in a research report on Monday, May 11th. They set a “hold” rating and a $16.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday. Keefe, Bruyette & Woods boosted their target price on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Morgan Stanley boosted their price objective on shares of Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.24.

Klarna Group Price Performance

Shares of KLAR stock traded up $0.29 during mid-day trading on Monday, hitting $15.46. The company had a trading volume of 3,767,984 shares, compared to its average volume of 5,975,994. Klarna Group has a 52-week low of $12.06 and a 52-week high of $57.20. The stock’s 50 day moving average price is $14.01 and its 200-day moving average price is $22.84. The company has a market capitalization of $5.84 billion and a P/E ratio of -29.75.

Klarna Group (NYSE:KLAR) last released its earnings results on Tuesday, May 12th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.64%. The firm had revenue of $839.00 million for the quarter, compared to the consensus estimate of $940.90 million. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, equities research analysts expect that Klarna Group will post -0.12 earnings per share for the current year.

Institutional Trading of Klarna Group

A number of large investors have recently modified their holdings of KLAR. SG Americas Securities LLC purchased a new stake in shares of Klarna Group in the third quarter valued at approximately $868,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Klarna Group in the third quarter worth about $295,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Klarna Group in the third quarter worth about $628,000. TD Waterhouse Canada Inc. purchased a new stake in Klarna Group in the third quarter worth about $43,000. Finally, Jones Financial Companies Lllp purchased a new stake in Klarna Group in the third quarter worth about $46,000.

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.