Been watching Sezzle (SEZL) pretty closely lately, and there's actually an interesting setup forming in this BNPL space right now. The Minneapolis fintech has been doing something different compared to the usual buy-now-pay-later players - they've layered multiple credit options on top of a virtual card infrastructure, which gives them reach way beyond just direct merchant partnerships.

What caught my attention recently was their Q4 performance. They absolutely crushed earnings - 26% EPS beat, seventh straight quarter of beating expectations. Revenue came in at $130 million versus $128 million consensus, and adjusted EBITDA jumped 79% year over year to $58.3 million. That kind of operating leverage matters when you're scaling a platform. Monthly subscribers hit a record 918,000, and app sessions surged 51% year over year. Management's also raising FY26 guidance to $4.70 EPS (versus $4.33 expected) and projecting 25-30% revenue growth.

The valuation angle is interesting too. At $2.5 billion market cap with a forward PE of 16, this doesn't look like a hyper-growth fintech pricing even though revenue's projected to grow 25-30% and adjusted net income's climbing over 30%. You've got analysts revising estimates higher across the board - current quarter estimates jumped 7% to $1.24, full year went from $4.33 to $4.69.

Now here's where the technical picture gets fascinating. The stock had a wild 2025 - shot up from $40 to $186 in three months, then got hammered 40% in a couple days after an August quarter miss. Since then it's been slowly grinding lower, bottomed at $50, then rallied to $86 post-earnings. After that latest earnings pop, it's pulled back again.

Looking at the technical setup with fibonacci retracement settings in mind - there's a 61.8% fibonacci retracement level that actually held on the latest pullback, which is pretty significant. The 21-day moving average is sitting around $67, 50-day at $68.50, and the 200-day at $92. So that $67-69 zone is functioning as support while $90-92 is acting as resistance. If that $67 area holds, there's legitimate upside potential. But a break below $60 would signal something's broken in the technical setup and suggest a bigger fundamental issue.

B. Riley Securities reiterated their Buy rating and bumped their price target from $76 to $99, which aligns with the bullish technical picture if support holds. The combination of consistent earnings beats, expanding margins, guidance raises, and upward estimate revisions across multiple timeframes is what's driving the positive momentum. This BNPL company is proving it can actually execute, which is refreshing in this space.