Klarna ticks higher as Wall Street rolls out coverage on the “buy now, pay later” giant

Shares of Klarna jumped as much as 6.5% Monday morning in early trading after a wave of analysts initiated coverage on the “buy now, pay later” giant, as the so-called post-IPO “quiet period” came to an end.

The Stockholm-based fintech company, which competes with Affirm and Afterpay, has 111 million active users and partnerships with over 790,000 merchants worldwide. Analysts highlighted Klarna’s rapid US growth, improving profitability, and ongoing BNPL adoption as reasons for optimism.

Here’s where analysts netted out:

• Bank of America — Rating: Buy | Price target: $58

• Citigroup — Rating: Buy | Price target: $58

• Deutsche Bank — Rating: Buy | Price target: $48

• BNP Paribas — Rating: Neutral | Price target: $46

• UBS — Rating: Buy | Price target: $48

• Goldman Sachs — Rating: Buy | Price target: $55