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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Read More on RELY:
- Remitly Global: Strong Market Position and Growth Potential Amidst Challenges
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- 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
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