Klarna initiated with an Outperform at Keefe Bruyette

Keefe Bruyette analyst Sanjay Sakhrani initiated coverage of Klarna (KLAR) with an Outperform rating and $52 price target Klarna, which operatives in 26 countries, is the most global buy now pay later provider, the analyst tells investors in a research note. The firm says the company has built a large, global merchant base with “powerful network effects.”