
Klarna Group (NYSE:KLAR) Lowered to Sell Rating by Wall Street Zen

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Wall Street Zen has downgraded Klarna Group (NYSE:KLAR) from a "hold" to a "sell" rating. Other analysts have also reduced their target prices, with Keefe, Bruyette & Woods lowering it from $45 to $26, and UBS from $46 to $20. Despite a consensus rating of "Moderate Buy" and a price target of $38.33, Klarna's stock opened at $12.47, reflecting a market cap of $4.71 billion. The company reported a quarterly revenue of $0.87 million, up 38.5% year-over-year, but missed EPS estimates.
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