Goldman Sachs Maintains Buy on Remitly Global, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has maintained a 'Buy' rating on Remitly Global (NASDAQ:RELY) but lowered the price target from $34 to $29.

November 02, 2023 | 1:49 pm
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Goldman Sachs has maintained a 'Buy' rating on Remitly Global but lowered the price target from $34 to $29.
The news is directly about Remitly Global. While the 'Buy' rating is maintained, the lowering of the price target might indicate a slower growth than previously expected. This could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100