JMP Securities Maintains Market Outperform on Remitly Global, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst David Scharf maintains a Market Outperform rating on Remitly Global (NASDAQ:RELY) but lowers the price target from $32 to $22.

June 11, 2024 | 9:47 am
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JMP Securities has maintained its Market Outperform rating on Remitly Global but has lowered the price target from $32 to $22, indicating a more cautious outlook.
The maintenance of a Market Outperform rating suggests continued confidence in the company's performance, but the lowered price target indicates a more cautious outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100