Klarna Group (NYSE: KLAR) is a top new tech stock to buy. UBS analyst Timothy Chiodo lowered the price target to $46 from $48 but maintained a Buy rating after strong Q3 results. Klarna saw over 20% growth in GMV and revenue, hitting a record $903 million revenue and $32.7 billion GMV.

Klarna is transitioning from a payments provider to a full neobank, aiming to acquire more customers. With 114 million active consumers and 850,000 merchants, Klarna added 235,000 merchants in Q3, a 38% growth. Strategic partnerships like Clover along with successful Payment Service Provider integrations boosted growth.

Klarna Group (NYSE: KLAR) operates as a technology-driven payments company globally, focusing on markets like the UK, US, Germany, and Sweden. The company is expanding rapidly and looking to become a full-fledged neobank to capture more market share and customer base.

Read more at Yahoo Finance: Klarna (KLAR) Hits High Q3 2025 Growth According to UBS’ Timothy Chiodo