BMO Capital Markets Issues Positive Forecast for Klarna Group (NYSE:KLAR) Stock Price

Klarna Group (NYSE:KLARFree Report) had its price target raised by BMO Capital Markets from $16.00 to $17.00 in a research note released on Friday,Benzinga reports. They currently have a market perform rating on the stock.

A number of other brokerages also recently issued reports on KLAR. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley reduced their target price on Klarna Group from $39.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. UBS Group reduced their target price on Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company reduced their target price on Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Finally, Keefe, Bruyette & Woods reduced their target price on Klarna Group from $45.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Klarna Group presently has an average rating of “Moderate Buy” and an average price target of $33.41.

Read Our Latest Stock Analysis on KLAR

Klarna Group Price Performance

Shares of NYSE:KLAR opened at $15.19 on Friday. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20. The company has a market cap of $5.73 billion and a PE ratio of -29.20. The stock’s 50-day moving average is $14.01 and its 200 day moving average is $22.96.

Klarna Group (NYSE:KLARGet Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative return on equity of 7.64% and a negative net margin of 5.21%.The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $940.90 million. The business’s quarterly revenue was up 42.7% on a year-over-year basis. Analysts expect that Klarna Group will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Klarna Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its position in Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after acquiring an additional 800 shares in the last quarter. Leonteq Securities AG bought a new position in Klarna Group in the 4th quarter valued at approximately $29,000. US Bancorp DE bought a new position in Klarna Group in the 3rd quarter valued at approximately $30,000. BIT Capital GmbH bought a new position in Klarna Group in the 3rd quarter valued at approximately $37,000. Finally, Allworth Financial LP bought a new position in Klarna Group in the 3rd quarter valued at approximately $37,000.

Klarna Group News Roundup

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

  • Positive Sentiment: Klarna posted its first quarterly profit since listing, with Q1 revenue rising about 44% year over year to roughly $1.0 billion and adjusted operating profit of $68 million, signaling improving unit economics and stronger business momentum. BusinessWire earnings release
  • Positive Sentiment: The company beat EPS expectations, reporting a loss of just $0.01 per share versus forecasts for a much larger loss, which suggests earnings are improving faster than analysts expected. Zacks earnings summary
  • Positive Sentiment: Management said gross merchandise volume reached $33.7 billion and that the consumer/merchant network continues to expand, supporting the growth story behind Klarna’s buy-now-pay-later platform. PYMNTS article
  • Positive Sentiment: Several Wall Street firms turned more constructive, with Goldman Sachs raising its target to $21, Keefe, Bruyette & Woods lifting its target to $26, and BMO also nudging its target higher, reinforcing investor confidence after the earnings beat. Benzinga analyst roundup
  • Neutral Sentiment: One analyst, Wells Fargo, lowered its price target to $26, but kept an overweight rating, so the change was not a clear bearish signal. Benzinga analyst update
  • Negative Sentiment: Revenue came in below consensus at $839 million versus expectations near $941 million, and the stock had already been under pressure earlier in the week before the earnings-driven rebound. MarketBeat stock data

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.

Further Reading

Analyst Recommendations for Klarna Group (NYSE:KLAR)

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