Klarna downgraded to Hold by JPMorgan after guidance
Klarna is downgraded to Hold from Buy at JPMorgan after guidance disappointed and the stock fell nearly 23% yesterday, while shares are steady this morning.
KLAR Klarna was downgraded to hold from buy at JPMorgan after bad guidance yesterday sent the stock down nearly 23%.
Shares are steady this morning.
Klarna needs "multiple quarters of clean execution" to get investor confidence back and close the valuation Gap to its peers, analysts said.
Wells Fargo cut its price target to $21 from $26.
Are we seeing a rationalizing of the buy now, pay later space? This one really gaffed people. - per Cramer Investing Club Newsletter