Goldman Sachs Maintains Buy on Remitly Global, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has maintained a Buy rating on Remitly Global (NASDAQ:RELY) but has reduced the price target from $29 to $25.

January 11, 2024 | 1:34 pm
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Goldman Sachs reaffirmed a Buy rating on Remitly Global but lowered the price target to $25, indicating a positive outlook with a more conservative valuation.
While the Buy rating suggests that Goldman Sachs still sees growth potential and a positive outlook for Remitly Global, the reduction in the price target may reflect a more cautious stance on the company's valuation or expected performance. This could lead to mixed reactions in the short term, as investors appreciate the continued confidence but also recognize the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100