JP Morgan Maintains Overweight on Remitly Global, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang has maintained an Overweight rating on Remitly Global (NASDAQ:RELY) and raised the price target from $23 to $34.
August 22, 2023 | 12:59 pm
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POSITIVE IMPACT
JP Morgan has maintained an Overweight rating on Remitly Global and raised the price target from $23 to $34, indicating a positive outlook for the stock.
The raised price target by JP Morgan indicates a positive outlook for Remitly Global. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100