KeyBanc raised the firm’s price target on Remitly Global (RELY) to $27 from $24 and keeps an Overweight rating on the shares. The firm notes Remitly posted a healthy Q1 print with upside across the board. Strength was led by strong customer engagement and growth from larger senders. No material headwinds from immigration policy or macro conditions are easily detected in results, KeyBanc adds.
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Read More on RELY:
- Remitly Global, Inc. Reports Strong Q1 2025 Results
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- Remitly Global expands FY25 revenue view to $1.57B-$1.59B from $1.57B-$1.58B
- Remitly Global reports Q1 EPS 5c, consensus 17c
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