Sezzle jumps after Northland lifts PT to $150

Sezzle

29/08/2024 16:33

** Shares of buy now, pay later firm Sezzle  SEZL.O  jump as
much as 8%, last up 5.4% at $137
    ** Northland Securities raises SEZL price target to $150
from $119, which represents a 15.4% upside to stock's last close
    ** SEZL announced on Wednesday a bank partnership with
Utah-based WebBank, which is expected to launch in September
    ** WebBank will serve as SEZL's exclusive bank to finance
products currently offered through its BNPL platform and as
exclusive issuer for all subscription products including the
Sezzle Virtual Card
    ** Northland says the bank partnership is very positive as
it allows SEZL to launch additional products assisted by the
sponsorship, including checking accounts and cash advances
    ** Adds that the partnership will also allow SEZL to unify
its products across the U.S. vs the current state by state
approach
    ** As of last close, SEZL shares up 533.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))