B. Riley raises Sezzle price target, sees ‘no new insights’ in short report

B. Riley raised the firm’s price target on Sezzle (SEZL) to $372 from $353 and keeps a Buy rating on the shares. The firm is raising our estimates as it believes prior estimates did not reflect adequate seasonality for the holiday shopping period. Following a drawdown in the shares due to a short report published yesterday, the firm says “there were no new investment insights in this short report” and it views the report as “showing conceptional errors concerning the fundamentals” of both Sezzle and the BNPL industry. “We believe the report had selective disclosures taken out of context and old information that knowledgeable investors are well aware of,” the analyst added.