Sezzle price target raised to $163 from $132 at B. Riley

B. Riley analyst Hal Goetsch raised the firm’s price target on Sezzle to $163 from $132 and keeps a Buy rating on the shares. Recent press reports suggest a 2025 IPO for Buy-Now-Pay-Later industry leader Klarna Bank may be forthcoming, with a potential valuation of $20B, which would bring increased attention to the BNPL sector and Sezzle, the analyst tells investors in a research note. Sezzle raised its 2024 revenue, margin, and EPS guidance significantly after its Q2 EPS report in early August, and the firm believes its estimates may prove conservative if recent subscriber growth momentum continues.