BofA Securities and Morgan Stanley raised their price targets for Klarna following a strong quarterly report featuring 44% revenue growth and $1 billion in revenue. The stock rose to $15.43 (+1.71%) as investors reacted to bullish analyst sentiment and a new partnership with EZContacts.
- BofA Securities increased its target to $23 (from $21) with a Buy rating, while Morgan Stanley raised its target to $18.
- Analysts highlighted accelerating payment volumes and the company's strategic expansion into new financing products as key growth drivers.
- The stock gained 1.71% to reach $15.43 as the market responded to the new partnership for vision care services.