Klarna Group (NYSE:KLAR) Raised to Strong-Buy at Zacks Research

Klarna Group (NYSE:KLAR) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

KLAR has been the subject of a number of other research reports. Wells Fargo & Company reduced their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Friday, May 15th. Citizens Jmp initiated coverage on shares of Klarna Group in a research report on Tuesday, June 30th. They set a “market perform” rating on the stock. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Barclays assumed coverage on shares of Klarna Group in a research report on Wednesday. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, BMO Capital Markets boosted their price target on shares of Klarna Group from $17.00 to $19.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.89.

Klarna Group Trading Down 1.8%

Klarna Group stock opened at $19.07 on Tuesday. The firm has a market cap of $7.20 billion and a PE ratio of -36.68. The stock’s 50 day simple moving average is $16.99 and its two-hundred day simple moving average is $18.79. Klarna Group has a 12 month low of $12.06 and a 12 month high of $57.20.

Klarna Group (NYSE:KLAR) last released its quarterly earnings data on Wednesday, May 20th. The company reported ($0.01) earnings per share for the quarter, beating 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 7.62%. Klarna Group’s revenue was up 42.7% compared to the same quarter last year. On average, equities research analysts forecast that Klarna Group will post 0.04 EPS for the current year.

Institutional Investors Weigh In On Klarna Group

A number of institutional investors and hedge funds have recently made changes to their positions in KLAR. US Bancorp DE acquired a new stake in Klarna Group during the 3rd quarter worth approximately $30,000. First Trust Advisors LP purchased a new stake in shares of Klarna Group during the 3rd quarter worth approximately $526,000. Russell Investments Group Ltd. purchased a new position in shares of Klarna Group in the third quarter valued at $19,272,000. Legal & General Group Plc acquired a new position in Klarna Group during the third quarter worth about $148,000. Finally, Capital Research Global Investors acquired a new position in shares of Klarna Group during the 3rd quarter worth approximately $3,793,000.

Key Klarna Group News

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.