Citizens raised the firm’s price target on Remitly Global (RELY) to $22 from $20 and keeps an Outperform rating on the shares. Remitly Global reports another quarter of outperformance while raising its 2026 outlook, and announced a CEO transition as the company enters the next growth stage, the analyst tells investors in a research note. The firm assumes similar trends next year and raised its per-user metrics in 2027, leading to higher revenue, and also assumes additional operating leverage next year.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RELY:
- Remitly: Robust Growth, Improving Profitability, and AI-Driven Efficiencies Support Buy Rating and Favorable Risk‑Reward
- Remitly Global appoints new CEO amid leadership transition
- Remitly Delivers First Profitable Year and Leadership Transition
- Remitly Global CEO Matt Oppenheimer transitions role to Sebastian Gunningham
- Remitly Global reports Q4 EPS 19c, consensus 16c