5 Analysts Have This To Say About Remitly Global
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on Remitly Global (NASDAQ:RELY), showing a mix of bullish and bearish sentiments. The average 12-month price target for RELY has been raised to $25.8, reflecting a 19.06% increase from the previous target of $21.67. Analyst actions include maintaining, raising, and lowering ratings with price targets ranging from $19.00 to $32.00. Remitly Global, a provider of international money transfer services, has shown a revenue growth of 38.59% as of December 31, 2023, but struggles with profitability and efficiency metrics such as net margin, ROE, and ROA.
April 17, 2024 | 1:00 pm
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Remitly Global's stock may see short-term movements based on the mixed analyst ratings and the updated average price target of $25.8, indicating a positive outlook on revenue growth but concerns over profitability metrics.
The increase in the average price target reflects optimism about Remitly Global's revenue growth and market position. However, the mixed ratings and concerns over profitability and efficiency metrics like net margin, ROE, and ROA could lead to cautious optimism among investors, potentially resulting in short-term price volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100