B. Riley analyst Hal Goetsch last night initiated coverage of Sezzle with a Buy rating and $113 price target. Sezzle is a high-growth, profitable buy-now-pay-later operator that drives high return on incremental sales for retailers, the analyst tells investors in a research note. The firm believes the company enjoys high growth potential as it participates in the “rapid adoption of BNPL,” which it views as the fintech industry’s top payment innovation of the past decade. The company can grow at a high rate with very low marginal cost growth, which will produce strong margin expansion, contends Riley.
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