Klarna Group (NYSE:KLAR) Price Target Raised to $21.00 at The Goldman Sachs Group

Klarna Group (NYSE:KLAR) had its price target boosted by The Goldman Sachs Group from $19.00 to $21.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

KLAR has been the subject of a number of other reports. Keefe, Bruyette & Woods raised their target price on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, February 20th. Bank of America began coverage on Klarna Group in a research note on Thursday, March 5th. They issued a “buy” rating and a $21.00 target price for the company. BMO Capital Markets raised their target price on Klarna Group from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Wells Fargo & Company lowered their target price on Klarna Group from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Klarna Group has a consensus rating of “Moderate Buy” and a consensus target price of $33.41.

Klarna Group Trading Down 7.8%

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 stock has a market capitalization of $5.73 billion and a price-to-earnings ratio of -29.20. The business has a 50 day moving average of $14.01 and a 200-day moving average of $22.96.

Klarna Group (NYSE:KLAR) last issued its earnings results on Thursday, May 14th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.12. The firm had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $940.90 million. Klarna Group had a negative return on equity of 7.64% and a negative net margin of 5.21%.The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. Equities analysts predict that Klarna Group will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Klarna Group

Several institutional investors have recently modified their holdings of KLAR. Global Retirement Partners LLC grew its position in shares of Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after buying an additional 800 shares during the period. Leonteq Securities AG bought a new position in shares of Klarna Group during the 4th quarter valued at about $29,000. US Bancorp DE bought a new position in shares of Klarna Group during the 3rd quarter valued at about $30,000. BIT Capital GmbH bought a new position in shares of Klarna Group during the 3rd quarter valued at about $37,000. Finally, Allworth Financial LP bought a new position in shares of Klarna Group during the 3rd quarter valued at about $37,000.

Key Stories Impacting Klarna Group

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

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.