Sezzle

SEZL · NASDAQ

$130.19+$2.14 (+1.67%)TodayMarket closed · Oct 20, 6:48 PM ET

Prev close $128.05

SEZL analyst rating

BuyConsensus of 8 analysts over the last 12 months. 63% rate it a buy.

Strong buy0
Buy5
Hold3
Underperform0
Sell0

12-month price target · 8 analysts

Average $171.36 (+31.6% upside)

Low: $151.50
Now: $130.19
High: $205.80

Upgrades and downgrades

The latest rating actions, newest first

SEZL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Oct 6, 2026	Maintains	Buy	$165.00 → $160.00	51%
Needham	Aug 20, 2026	Maintains	Buy	$172.00	40%
TD Cowen	Aug 10, 2026	Upgrade	Hold → Buy	$165.00	17%
Keefe, Bruyette & Woods	Aug 7, 2026	Maintains	Market Perform	$190.00 → $155.00	35%
Needham	Aug 7, 2026	Maintains	Buy	$166.00 → $172.00	40%
Keefe, Bruyette & Woods	Jul 13, 2026	Downgrade	Outperform → Market Perform	$115.00 → $190.00	35%
TD Cowen	Jul 7, 2026	Maintains	Hold	$108.00 → $165.00	51%
Oppenheimer	Jun 29, 2026	Downgrade	Outperform → Perform	—	51%
Freedom Capital Markets	Jun 25, 2026	Initiates	Hold	$150.00	43%
Northland Capital Markets	Jun 18, 2026	Maintains	Outperform	$110.00 → $160.00	49%

The case for and against

Updated Oct 14, 2026

Bull case

Sezzle is attractive because its open-loop BNPL model appears more differentiated and scalable than merchant-facing peers, supporting efficient customer acquisition, stronger unit economics, and lower-than-expected credit risk. Its 2Q results reinforce that view, with active subscribers up 76.4% Y/Y, GMV up 37.9% Y/Y to $1.28 billion, revenue up 51.7% Y/Y to $149.7 million, and adjusted EBITDA of $58 million, all while credit losses remained below expectations. The company’s expanding product suite, including Pay in 5, SezzleCash, and Sezzle Send, plus a Webbank facility that can scale from $30 million toward $150 million, should extend growth runway and help sustain profitability even as marketing costs fluctuate.

Bear case

Sezzle is constrained by its reliance on third-party funding for receivables, including a revolving credit facility secured by consumer notes receivable, so any tightening of terms or difficulty adding new funding could limit growth and pressure profitability. It also faces a highly competitive BNPL market with larger rivals and relatively low barriers to entry, making customer and merchant retention a key vulnerability if a similar product gains traction. Macroeconomic weakness could reduce consumer interaction with merchants, slow GMV growth, and worsen credit performance as borrowers struggle to meet obligations, which is particularly risky for a model built on installment lending.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.