Klarna price target lowered to $46 from $48 at UBS

UBS analyst Timothy Chiodo lowered the firm’s price target on Klarna (KLAR) to $46 from $48 and keeps a Buy rating on the shares. Klarna’s Q3 results showed strong momentum, with GMV and revenue both growing more than 20% year over year and outperforming expectations, supported by merchant network expansion, key retail partnerships, PSP integrations, and rapid Klarna Card adoption, the analyst tells investors in a research note. Improved transaction margins and operating leverage narrowed operating losses, suggesting a clearer path toward profitability as the business shifts toward higher-take-rate geographies and products, UBS says.