Klarna price target lowered to $45 from $50 at Wolfe Research

Wolfe Research lowered the firm’s price target on Klarna (KLAR) to $45 from $50 and keeps an Outperform rating on the shares. Despite the post-earnings selloff, the company’s Q3 report beat across metrics and included a Q4 outlook above expectations, the analyst tells investors in a research note. Wolfe came away from the print “constructive” on Klarna’s growth opportunities, card momentum, and operating leverage potential.