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SEZL · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Sezzle Inc. Common Stock (SEZL) stock moving?
Sezzle beat Q3 estimates on Nov 4, with revenue up 42.6% to a record $166.5M, adjusted EPS of $1.37 versus $1.29 expected, and a fourth FY2026 guidance raise to $5.45-$5.50 adjusted EPS. It also gave preliminary FY2027 adjusted EPS guidance of $7.20, above the $6.65 estimate. Three analysts followed up on Nov 5 with Buy ratings and higher targets: Needham at $220, TD Cowen at $200, and a related Buy reiteration. The stock jumped from a $136.69 close on Nov 4 to a $155 close on Nov 5, on volume of about 1.97M shares, roughly 2.5 times the prior-week average. Shares have since eased to $149.28 on Nov 10, still about 9% above the pre-report close, and daily volume has dropped to about 420K. The intraday high of $178.55 on Nov 5 has not been revisited. Analyst targets of $200-$220 imply roughly 34-47% upside from the current price. Risks include a post-earnings pullback that is already underway, the early-stage SezzleCash product, and the fact that the FY2027 figure is preliminary. Upcoming investor conferences from Nov 9 to Dec 9 may add management commentary.
News behind the analysis
- Sezzle Reports Third Quarter 2026 Financial ResultsQ3 revenue rose 42.6% year over year to a record $166.5 million, with TTV up 34.9% to $1.4 billion. Management raised FY2026 guidance for the fourth time and introduced preliminary FY2027 Adjusted EPS guidance of $7.20.
- Sezzle Stock Gains As Strong Transaction Growth Fuels Earnings Outlook UpgradeShares rose after Q3 earnings beat estimates, with revenue up 42.6% and subscribers growing. The company also raised its 2026 financial outlook.
- Sezzle Raises FY2026 Adj EPS Guidance from $5.25 to $5.45-$5.50 vs $5.26 Est; Raises FY2026 Sales Guidance from $607.905M to $641.649M vs $608.942M EstAdjusted EPS guidance for FY2026 was raised to $5.45-$5.50, above the $5.26 estimate. Sales guidance was raised to $641.6 million, above the $608.9 million estimate.
- Sezzle Q3 Adj. EPS $1.37 Beats $1.29 Estimate, Sales $166.503M Beat $154.941M EstimateThird-quarter adjusted EPS of $1.37 beat the $1.29 consensus. Sales of $166.5 million beat the $154.9 million estimate.
- Sezzle Sees FY2027 Adj EPS $7.20 vs $6.65 EstPreliminary FY2027 Adjusted EPS guidance of $7.20 sits above the $6.65 analyst estimate.
- Needham Maintains Buy Rating and Raises Price Target for SezzleNeedham reiterated its Buy rating and raised its price target from $172 to $220 after the Q3 report.
- TD Cowen Maintains Buy Rating on Sezzle and Raises Price TargetTD Cowen reaffirmed its Buy rating after the third-quarter report and increased its price target.
- TD Cowen Maintains Buy on Sezzle, Raises Price Target to $200TD Cowen kept its Buy rating and lifted its price target to $200 following the earnings report.
About Sezzle Inc. Common Stock
Sezzle is a Minneapolis-based fintech that lets shoppers split purchases into installments, usually four interest-free payments, at online and in-store merchants in the US and Canada. Unlike many larger BNPL rivals, a big and growing share of its income comes from paid consumer subscriptions (Sezzle Premium and Anywhere), and it has recently branched out into products like a Sezzle Mobile phone plan.
How it makes money
Sezzle earns merchant fees, taken as a cut of each purchase it finances, and also collects consumer fees, mainly monthly subscription charges plus rescheduling and late fees. In recent years subscription and consumer fees have made up a large share of revenue, roughly half or more. It also earns money from partner programmes such as Sezzle On-Demand with WebBank. Total revenue reached a record of about $166.5 million in Q3 2026, up roughly 43% from a year earlier, and the company was profitable that quarter.
What usually moves SEZL
- Growth in subscribers and merchandise volume
- Consumer credit losses and repayment trends
- BNPL regulation and consumer-protection rules
- Interest rates and funding costs
- Quarterly earnings and guidance changes