Barclays Maintains Overweight on Remitly Global, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Overweight rating on Remitly Global (NASDAQ:RELY) and raised the price target from $21 to $25.
August 07, 2023 | 2:24 pm
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POSITIVE IMPACT
Barclays has maintained an Overweight rating on Remitly Global and raised the price target from $21 to $25, indicating positive sentiment towards the stock.
The Overweight rating maintained by Barclays indicates that they believe Remitly Global's stock will outperform the average market return. The increase in price target from $21 to $25 suggests that they expect the stock's price to rise in the short term. This positive sentiment from a major analyst is likely to have a positive impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100