Despite second-quarter results exceeding expectations, J.P. Morgan downgraded Klarna's rating from “overweight” to “neutral” and lowered its target price from $22 to $18. Komo pointed out that the company's weak outlook for the second half of the year, continued deterioration in European consumer spending, and personnel changes in management plans made the market worried about the growth prospects of this fintech company.

Despite second-quarter results exceeding expectations, J.P. Morgan downgraded Klarna's rating from “overweight” to “neutral” and lowered its target price from $22 to $18. Komo pointed out that the company's weak outlook for the second half of the year, continued deterioration in European consumer spending, and personnel changes in management plans made the market worried about the growth prospects of this fintech company.