JPMorgan Chase & Co. reiterated their neutral rating on shares of Klarna Group (NYSE:KLAR – Free Report) in a research report sent to investors on Wednesday morning, MarketBeat reports. The brokerage currently has a $18.00 target price on the stock, down from their previous target price of $22.00.
A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. UBS Group boosted their price target on Klarna Group from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Keefe, Bruyette & Woods increased their price objective on Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. The Goldman Sachs Group increased their price target on Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Citizens Jmp started coverage on shares of Klarna Group in a research note on Tuesday, June 30th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.78.
Read Our Latest Research Report on Klarna Group
Klarna Group Stock Up 2.1%
Klarna Group (NYSE:KLAR – Get Free Report) last released its earnings results on Tuesday, August 18th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.07. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $992.56 million. Klarna Group had a negative return on equity of 5.39% and a negative net margin of 3.54%.The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. As a group, research analysts anticipate that Klarna Group will post 0.01 earnings per share for the current year.
Institutional Investors Weigh In On Klarna Group
A number of hedge funds have recently made changes to their positions in KLAR. Global Retirement Partners LLC boosted 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 valued at $26,000 after purchasing an additional 800 shares in the last quarter. Leonteq Securities AG bought a new position in Klarna Group in the fourth quarter worth about $29,000. US Bancorp DE bought a new position in Klarna Group in the third quarter worth about $30,000. CWM LLC lifted its position in shares of Klarna Group by 172.9% during the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock valued at $43,000 after buying an additional 949 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Klarna Group by 44.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,659 shares of the company’s stock valued at $48,000 after buying an additional 509 shares in the last quarter.
Klarna Group News Summary
Here are the key news stories impacting Klarna Group this week:
- Positive Sentiment: Keefe, Bruyette & Woods maintained an “outperform” rating while lowering its price target from $26 to $21, implying considerable potential upside. Benzinga analyst note
- Positive Sentiment: Citi initiated or reiterated a Buy view on Klarna, providing some support despite the broader analyst estimate reductions. Klarna receives a Buy from Citi
- Positive Sentiment: Klarna said higher margins and stronger U.S. growth are helping offset weaker gross merchandise volume, particularly softer spending in Germany. The company raised its 2026 transaction-margin-dollar outlook, a potentially constructive sign for profitability. Klarna Q2 earnings call analysis
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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