Klarna price target lowered to $20 from $50 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Klarna (KLAR) to $20 from $50 and keeps a Buy rating on the shares. The firm’s core thesis, which is that Klarna should see a coiled spring impact in transaction margins once it laps the “growth math” headwinds associated with accelerating U.S. lending, remains intact, the analyst tells investors in a research note.