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Remitly Global price target raised to $32 from $30 at Monness Crespi

Monness Crespi analyst Gus Gala raised the firm’s price target on Remitly Global (RELY) to $32 from $30 and keeps a Buy rating on the shares. Remitly “again” delivered strong beats on topline and EBITDA and provided Q2 guidance slightly behind consensus, though the firm believe this view is “conservative,” the analyst tells investors in a post-earnings note.

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