Expert Outlook: Remitly Global Through The Eyes Of 10 Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 10 analysts have provided ratings for Remitly Global (NASDAQ: RELY), ranging from bullish to bearish. The average 12-month price target has decreased by 15.16% to $20.7. Analysts have recently lowered their price targets, reflecting a cautious outlook. Despite a 32.01% revenue growth rate, Remitly Global faces challenges with profitability and returns.
July 29, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Remitly Global (NASDAQ: RELY) has received mixed analyst ratings over the past three months, with a notable decrease in the average 12-month price target by 15.16% to $20.7. Analysts have recently lowered their price targets, indicating a cautious outlook despite the company's 32.01% revenue growth rate. Challenges remain in profitability and returns.
The decrease in the average price target and the recent trend of analysts lowering their ratings suggest a cautious outlook for Remitly Global. Despite strong revenue growth, the company's profitability and returns are below industry averages, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100