As previously reported, Oppenheimer downgraded Sezzle to Perform from Outperform, \"solely on valuation\" following a 158% year-to-date rise in shares. Fundamentally, the firm continues to expect Sezzle to remain one of the fastest gross profit and adjusted EBITDA growers in its coverage, supported by ongoing market share gains, Buy Now Pay Later industry expansion, and steady product innovation. While Oppenheimer sees room for Sezzle to again raise full year EPS guidance from $5.10 given a stable U.S. consumer backdrop and incremental user growth, the recent strength in the share price suggests investors are already pricing in potential 2026 EBITDA outperformance.
