Klarna Shares Surge as Chairman Moritz Invests $50 Million in Recent Weeks
Klarna board chair acquires over 3.47M shares in recent open-market buys, signaling strong confidence in the fintech giant post-IPO.
Klarna board chair acquires over 3.47M shares in recent open-market buys, signaling strong confidence in the fintech giant post-IPO.
BofA reinstates coverage with Buy ratings on Visa, Mastercard, Block, Affirm, Klarna — Neutral on PayPal.
Klarna smashed its first-ever billion-dollar quarter with 38% revenue growth and huge US & banking gains. Despite the $26M net loss, the company is rapidly turning payments users into full banking customers.
Klarna partners with Elliott Investment Management to sell $6.5B in loans, boosting its US growth strategy while reporting mixed Q3 results as a newly public company.
Top banks rated Klarna (BNPL leader) highly, seeing massive growth in payments. They target $48–$58, noting it trades at a healthy discount.
Affirm was upgraded to Buy. Rothschild analysts see it as the best long-term investment due to international growth & a strong product set.