Sezzle jumps after Northland starts coverage at 'outperform'

Sezzle

09/07/2024 16:01

** Shares of buy now, pay later firm Sezzle  SEZL.O  jump as
much as 9.8%, last up 4% at $92.80
    ** Northland Securities initiates coverage of SEZL with an
"outperform" rating and $119 PT, a 33.4% upside to stock's last
close
    ** Brokerage says SEZL is poised to continue its strong
performance in the BNPL market as it continues to grow active
users and subscribers by focusing on providing additional
products to increase engagement
    ** Adds that SEZL is well-positioned to add additional
merchants onto its platform and continue growing and improving
its subscription products
    ** Northland notes that SEZL is working on getting its bank
sponsorship, which would allow for the potential launch of
banking-enabled products, boosting growth going forward
    ** Including session's moves, SEZL stock has quadrupled YTD

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