Keefe starts Sezzle with Outperform on ‘inexpensive’ valuation

Keefe Bruyette analyst Ryan Tomasello initiated coverage of Sezzle (SEZL) with an Outperform rating and $85 price target implying 33% potential upside. Sezzle operates a fintech platform that integrates its core buy-now, pay-later products with an expanding neobank offering and a mobile-first shopping ecosystem, the analyst tells investors in a research note. The firm believes several aspects of Sezzle’s “unique story” are underappreciated at current share levels. The company offers a “robust combination of growth and profitability” with an “inexpensive” valuation at current share levels.