Citigroup Maintains Buy on Remitly Global, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Andrew Schmidt maintains a Buy rating on Remitly Global (NASDAQ:RELY) and raises the price target from $23 to $25.
August 04, 2023 | 1:05 pm
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POSITIVE IMPACT
Citigroup maintains a Buy rating on Remitly Global and raises the price target from $23 to $25. This could potentially lead to an increase in the stock's price.
The raised price target by Citigroup indicates a positive outlook for Remitly Global. This could potentially attract more investors, leading to an increase in demand for the stock and subsequently, an increase in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100