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

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

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Keefe, Bruyette & Woods lifted their target price on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets lifted their target price on shares of Klarna Group from $16.00 to $17.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Wall Street Zen raised shares of Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.12.

Klarna Group Price Performance

Shares of KLAR opened at $15.19 on Monday. The firm has a 50 day simple moving average of $14.01 and a 200-day simple moving average of $22.84. Klarna Group has a 1-year low of $12.06 and a 1-year high of $57.20. The stock has a market cap of $5.73 billion and a price-to-earnings ratio of -29.20.

Klarna Group (NYSE:KLAR) last issued its quarterly earnings data on Thursday, May 14th. 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 7.64%. The business had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $940.90 million. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. On average, equities analysts expect that Klarna Group will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Klarna Group

Institutional investors have recently made changes to their positions in the stock. WCM Investment Management LLC purchased a new stake in shares of Klarna Group during the 3rd quarter valued at $16,040,000. ARK Investment Management LLC purchased a new stake in shares of Klarna Group during the 3rd quarter valued at $16,922,000. HarbourVest Partners LLC purchased a new stake in shares of Klarna Group during the 3rd quarter valued at $184,105,000. Technology Crossover Management X Ltd. purchased a new stake in shares of Klarna Group during the 3rd quarter valued at $140,910,000. Finally, Monashee Investment Management LLC purchased a new stake in shares of Klarna Group during the 3rd quarter valued at $3,665,000.

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.