Klarna Group (NYSE:KLAR – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. JPMorgan Chase & Co. upped their price target on shares of Klarna Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group lifted their price objective on Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays initiated coverage on Klarna Group in a research note on Wednesday. They issued an “equal weight” rating and a $20.00 price target on the stock. Finally, Morgan Stanley increased their price objective on Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.89.
View Our Latest Research Report on KLAR
Klarna Group Stock Performance
Klarna Group (NYSE:KLAR – Get Free Report) last released 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 return on equity of 7.62% and a negative net margin of 5.21%.The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. Equities research analysts forecast that Klarna Group will post 0.04 EPS for the current year.
Institutional Trading of Klarna Group
Large investors have recently added to or reduced their stakes in the stock. Compagnie Lombard Odier SCmA increased its stake in shares of Klarna Group by 43.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,650 shares of the company’s stock worth $48,000 after acquiring an additional 500 shares during the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Klarna Group by 44.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after purchasing an additional 509 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Klarna Group by 19.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,053 shares of the company’s stock valued at $117,000 after purchasing an additional 665 shares during the period. Global Retirement Partners LLC increased its position in Klarna Group by 800.0% during the fourth quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares during the last quarter. Finally, US Bancorp DE purchased a new position in Klarna Group during the third quarter worth about $30,000.
Klarna Group News Summary
Here are the key news stories impacting Klarna Group this week:
- Positive Sentiment: UBS and JPMorgan both raised their price targets on Klarna, with UBS lifting its target to $23 and JPMorgan to $22, reinforcing a more constructive outlook on the stock. Klarna Group (NYSE:KLAR) Price Target Raised to $23.00 at UBS Group Klarna Group (NYSE:KLAR) Price Target Raised to $22.00 at JPMorgan Chase & Co.
- Positive Sentiment: Barclays initiated coverage with an “equal weight” rating and a $20 target, adding to the overall analyst attention around Klarna and supporting the view that the shares may still have room to rise. Klarna Group (NYSE:KLAR) Now Covered by Analysts at Barclays
- Positive Sentiment: Klarna’s expanded partnership with Flix increases its footprint across 21 markets in the U.S. and Europe, giving millions of travelers more ways to pay and potentially driving more transaction volume for the company. Flix and Klarna Expand Partnership to Give Millions of Travelers Across the U.S. and Europe More Ways to Pay
- Positive Sentiment: Klarna also landed a partnership with Southwest Airlines, which could widen adoption of its flexible payment options among U.S. travelers and support revenue growth. Klarna lands Southwest Airlines, bringing flexible payments to millions of US travelers this fall
- Neutral Sentiment: Coverage commentary and articles about Klarna seeking to disrupt the U.S. market and potentially become a bank highlight the company’s long-term strategy, but these are more about strategic direction than immediate financial results. Klarna seeks to disrupt US market Klarna wants to become a bank. Here’s what that could mean for millions of customers
- Neutral Sentiment: Klarna’s application for an industrial loan company charter could eventually broaden its banking capabilities, but it also introduces regulatory execution risk and is not an immediate earnings catalyst. Klarna applies for ILC charter
- Neutral Sentiment: A Zacks mention naming KLAR among mobile payments beneficiaries supports the broader theme of growing cashless commerce, but it is not company-specific news. Top Mobile Payments Stocks to Buy as Cashless Commerce Accelerates
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.
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