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Why Sezzle Stock Was Sizzling hot Today

TheMotleyFool

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Financing company Sezzle (NASDAQ: SEZL) was quite a hit on the stock exchange on Monday, after an analyst initiated coverage of its equity with a hearty buy recommendation. With that breezy tailwind at its back, Sezzle's stock gained nearly 8% on the day.

Sezzle, which operates in the currently very popular buy now, pay later (BNPL) space, is now in Keefe, Bruyette & Woods' coverage universe. That morning, analyst Ryan Tomasello launched his tracking of the stock with an outperform (read: buy) recommendation and $85 per share price target. That level is almost 24% higher than the company's most recent closing share price.

Image source: Getty Images.

Source Fool.com

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