The Goldman Sachs Group Issues Positive Forecast for Klarna Group (NYSE:KLAR) Stock Price

Klarna Group (NYSE:KLARGet Free Report) had its target price lifted by research analysts at The Goldman Sachs Group from $21.00 to $25.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 25.48% from the stock’s current price.

KLAR has been the subject of a number of other research reports. Weiss Ratings cut shares of Klarna Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 18th. BMO Capital Markets boosted their price objective on Klarna Group from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Tuesday, June 23rd. Zacks Research upgraded Klarna Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Morgan Stanley boosted their target price on shares of Klarna Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Monday, May 18th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Klarna Group from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.11.

View Our Latest Stock Analysis on Klarna Group

Klarna Group Stock Up 4.7%

Klarna Group stock traded up $0.89 during trading on Thursday, hitting $19.92. The stock had a trading volume of 1,882,556 shares, compared to its average volume of 5,839,308. The stock’s 50 day moving average is $16.99 and its two-hundred day moving average is $18.79. The stock has a market cap of $7.52 billion and a price-to-earnings ratio of -38.28. Klarna Group has a 1 year low of $12.06 and a 1 year high of $57.20.

Klarna Group (NYSE:KLARGet Free Report) last posted 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 return on equity of 7.62% and a negative net margin of 5.21%.The business’s quarterly revenue was up 42.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Klarna Group will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia purchased a new stake in shares of Klarna Group in the 4th quarter valued at approximately $503,243,000. Wellington Management Group LLP purchased a new stake in shares of Klarna Group during the 3rd quarter worth $348,834,000. Scge Management L.P. acquired a new position in shares of Klarna Group during the third quarter worth $193,018,000. HarbourVest Partners LLC purchased a new position in Klarna Group in the third quarter valued at $184,105,000. Finally, MIC Capital Management UK LLP acquired a new stake in Klarna Group in the third quarter valued at $99,502,000.

Key Klarna Group News

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

About Klarna Group

(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.

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Analyst Recommendations for Klarna Group (NYSE:KLAR)

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