Wolfe Research analyst Darrin Peller upgraded Remitly Global (RELY) to Outperform from Peer Perform with a $25 price target The company’s initiatives to diversify its revenue streams and increased profitability should erase Remitly’s discounted multiple relative to peers, the analyst tells investors in a research note. Wolfe believes the stock could benefit from “numerous catalysts” in the second half of 2025, including the Remitly Reimagine product day tonight, the Q3 earnings report, and an expected investor day.
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