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Klarna Group (NYSE:KLAR) has had its price target lowered by TD Cowen. The firm cut its target from $18.00 to $16.00 in a research note issued on Tuesday. TD Cowen kept its "hold" rating, which means analysts are not urging investors to buy or to sell.
The new target suggests the stock could rise about 20.7% from its recent price. Reports put the share price at around $13.28 when the change was made.
This is the second reduction from TD Cowen in about two months. In August, the firm lowered its target from $19.00 to $18.00 after Klarna released its second-quarter results.
In that report, Klarna posted a small profit of $0.01 per share, which beat Wall Street's expectations of a loss. Revenue also grew strongly. But the company lowered its outlook for 2026, mainly because sales in Germany were weaker than planned. Klarna now expects total sales volume of about $150 billion, down from more than $155 billion.
Opinions on Klarna are mixed but lean cautious. The average rating is "hold," and the average price target is about $22.60. Of the analysts covering the stock, 11 rate it a hold, six rate it a buy, one rates it a strong buy, and one rates it a sell.
TD Cowen said investors will want to see Klarna's third-quarter sales volume and profit numbers. These will show how much the accounting changes affect results. Strong numbers could improve the mood around the stock, while weak numbers could lead to more target cuts.
This article is for information only and is not financial advice. Analyst price targets are opinions and can be wrong.
For the complete coverage of this story, read the original report at Markets Daily.
