Klarna attempts rebound after record crash on weak outlook

Klarna shares attempted a rebound after a record 27% drop driven by a Q4 net loss and weak guidance. While revenue grew 38% to $1.08 billion, the company missed profit estimates. Wells Fargo and Morgan Stanley cut price targets, urging a focus on profitability. However, Keefe Bruyette raised its target as retail chatter surged.