Streetbeat News

RELY

Remitly Global, Inc.

https://www.remitly.com/us/en

Industry

Software - Infrastructure

Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 150 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.

Open

19.97

Mkt cap

3.9B

Volume

1M

High

20.00

P/E Ratio

-56.11

52-wk high

22.49

Low

19.61

Div yield

N/A

52-wk low

11.60

Keybanc analyst Josh Beck maintains an Overweight rating on Remitly Global (NASDAQ:RELY) and raises the price target from $20 to $21.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:21 pm

JMP Securities has maintained a Market Outperform rating on Remitly Global and raised its price target from $22 to $25.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:03 pm

Roblox Corporation reported better-than-expected Q3 results, leading to a 21.5% stock surge. Other companies like Root, Alphatec, and Lemonade also saw significant gains due to strong earnings reports.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 2:23 pm

Wells Fargo has upgraded Remitly Global from Underweight to Equal-Weight and increased its price target from $13 to $18.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:56 am

Remitly Global shares rose after the company reported strong Q3 financial results and provided Q4 revenue guidance that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:40 am

Carvana Co. (NYSE:CVNA) shares surged over 20% in pre-market trading after reporting better-than-expected Q3 financial results, with revenue and earnings per share surpassing analyst estimates. Other notable pre-market movers include Root, Inc. (NASDAQ:ROOT) and Alphatec Holdings, Inc. (NASDAQ:ATEC), both rising significantly due to strong quarterly results.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 10:52 am

Remitly Global shares rose after the company reported strong Q3 financial results and provided Q4 revenue guidance that exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:39 pm

Remitly Global has raised its revenue guidance for FY 2024 to $1.250B-$1.254B, surpassing the previous estimate of $1.244B. Additionally, the company projects Q4 2024 revenue to be $338M-$342M, exceeding the earlier estimate of $320.743M.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:18 pm

Remitly Global (NASDAQ:RELY) reported Q3 2024 earnings of $0.01 per share, surpassing the analyst estimate of $(0.07). Sales reached $336.53 million, exceeding the $320.74 million estimate and marking a 39.27% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:16 pm

Remitly Global (NASDAQ:RELY) is set to release its quarterly earnings on October 30, 2024. Analysts expect an EPS of $-0.08. The company previously beat EPS estimates, leading to a 4.01% stock price increase. Despite a 45.09% decline over the past year, analysts rate it as 'Outperform' with a $22 price target, suggesting a 45.21% upside.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 3:02 pm

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