Decoding 8 Analyst Evaluations For Remitly Global
Portfolio Pulse from Benzinga Insights
In the past three months, 8 analysts have rated Remitly Global (NASDAQ:RELY) with varying perspectives. The average 12-month price target is $20.88, down from $23.00. Analysts have adjusted ratings and price targets, reflecting mixed sentiments. Remitly Global has shown strong revenue growth but faces challenges in profitability and returns.
August 20, 2024 | 4:00 pm
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Remitly Global has received mixed analyst ratings with a lowered average price target of $20.88. The company shows strong revenue growth but faces challenges in profitability and returns.
Analysts have provided mixed ratings for Remitly Global, with some raising and others lowering their price targets. The average price target has decreased, indicating a cautious outlook. Despite strong revenue growth, the company's profitability metrics are below industry averages, which may concern investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100