Klarna (KLAR) Stock: JPMorgan Cuts Price Target to $18 After Outlook Slashed
TLDR
- Klarna stock dropped over 22% after the company cut its full-year revenue guidance and announced the departures of its CFO and CMO.
- Full-year revenue forecast was lowered to $4.08B-$4.16B, below the prior $4.3B guidance and consensus of $4.4B.
- Q2 revenue came in at $1.04B, up 27% year over year, beating expectations of $996.5M.
- JPMorgan downgraded KLAR from Overweight to Neutral, slashing its price target from $22 to $18.
- Weakness in Germany, Klarna’s largest market, was cited as the main driver of the reduced outlook.
Klarna (KLAR) stock fell more than 22% on Tuesday, hitting $15.44, after the buy-now, pay-later company cut its revenue outlook and revealed two senior executives would be leaving the business.
CFO Niclas Neglén and CMO David Sandström are both departing in early 2027, after six and nine years at the company respectively. Klarna has not named replacements and said it is currently searching for a New York-based financial chief.
The stock is now down roughly 48% year-to-date and has lost around 67% of its value over the past year. Klarna IPO’d in late 2025 at $40 per share.
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