Sezzle price target raised to $80 from $60 at Northland

Northland analyst Mike Grondahl raised the firm’s price target on Sezzle (SEZL) to $80 from $60 and keeps an Outperform rating on the shares after “a blowout quarter with beats across the board.” The strong quarter was fueled by disciplined growth, improving unit economics, and the expanding impact from the bank program as investments in consumer experience drove new highs in engagement, demand for BNPL was strong, and credit quality better than expected, the analyst tells investors.