In-Depth Examination Of 6 Analyst Recommendations For Remitly Global
Portfolio Pulse from Benzinga Insights
In the past three months, six analysts have provided ratings for Remitly Global (NASDAQ:RELY), ranging from bullish to bearish. The average 12-month price target is $21.67, with a high of $30.00 and a low of $13.00. Recent analyst actions include both upgrades and downgrades, reflecting varied perceptions of the company's market standing. Remitly Global has shown strong revenue growth but faces challenges in profitability and financial returns.
September 18, 2024 | 1:00 pm
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Remitly Global has received mixed analyst ratings, with recent upgrades and downgrades. The average price target is $21.67, slightly down from previous estimates. The company shows strong revenue growth but struggles with profitability and financial returns.
The mixed analyst ratings indicate uncertainty about Remitly Global's short-term stock performance. While revenue growth is strong, profitability issues may weigh on investor sentiment. The average price target has slightly decreased, suggesting cautious optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100