Klarna Group (NYSE:KLAR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Klarna Group (NYSE:KLAR) had its price target hoisted by equities researchers at BMO Capital Markets from $17.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 6.25% from the stock’s current price.

Several other equities analysts have also recently weighed in on KLAR. Keefe, Bruyette & Woods increased their price target on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Wall Street Zen upgraded Klarna Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America raised their price objective on shares of Klarna Group from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, May 18th. TD Cowen started coverage on shares of Klarna Group in a report on Monday, May 11th. They set a “hold” rating and a $16.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Klarna Group from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.35.

Klarna Group Price Performance

KLAR stock traded down $0.09 on Tuesday, reaching $17.88. 607,921 shares of the company traded hands, compared to its average volume of 5,878,233. The firm has a fifty day simple moving average of $15.74 and a 200-day simple moving average of $19.76. Klarna Group has a one year low of $12.06 and a one year high of $57.20. The company has a market cap of $6.75 billion and a P/E ratio of -34.50.

Klarna Group (NYSE:KLAR) last issued its earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s revenue was up 42.7% compared to the same quarter last year. On average, sell-side analysts forecast that Klarna Group will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Klarna Group

Institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its stake in Klarna Group by 800.0% in the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock worth $26,000 after purchasing an additional 800 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Klarna Group during the fourth quarter valued at about $29,000. US Bancorp DE purchased a new position in shares of Klarna Group during the third quarter valued at about $30,000. Allworth Financial LP bought a new stake in shares of Klarna Group in the third quarter worth about $37,000. Finally, CWM LLC lifted its position in shares of Klarna Group by 172.9% in the fourth quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after buying an additional 949 shares in the last quarter.

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.