10 Best Young Tech Stocks to Buy

5. Klarna Group plc (NYSE:KLAR)

Market Capitalization: $21.73 billion

Number of Hedge Fund Holders: 50

Klarna Group plc (NYSE:KLAR) is one of the Best Young Tech Stocks to Buy. On December 19, Klarna Group plc (NYSE:KLAR) announced its partnership with Coinbase to incorporate stablecoins into its funding mix.

The company sources its funding from consumer deposits, long-term loans, and short-dated commercial paper. After this partnership, the company has added stablecoins, particularly USDC, as a funding source. Moreover, the company also plans to raise short-term cash from big institutional investors directly in USDC, using Coinbase’s blockchain-based tools.

Earlier, on December 15, the company introduced Agentic Product Protocol, which is an open standard designed to supercharge AI agents in e-commerce. Management noted that the new protocol creates a universal language for product data that pulls data from over 100 million products and over 400 million prices from 12 global markets. This allows AI agents to discover, compare, and provide real-time product data, thereby positioning AI as the go-to interface for shopping.

That said, Wall Street has a positive outlook on Klarna Group plc (NYSE:KLAR). On December 18, Jason Kupferberg from Wells Fargo reiterated a Buy rating on the stock and raised the price target from $29 to $53. Earlier on December 10, James Faucette from Morgan Stanley reiterated a Hold rating on the stock with a $39.

Klarna Group plc (NYSE:KLAR) describes itself as a global digital bank and flexible payments provider, aiming to help consumers manage everyday spending and shopping through its app and merchant network.