
Remitly Global (RELY) Stock Forecast & Price Target
Remitly Global (RELY) Analyst Ratings
Bulls say
Remitly Global Inc has demonstrated robust financial performance, with its second-quarter receive revenue in Mexico surpassing total company revenue growth of 34%, indicating strong demand for its services in a key market. The company is poised to benefit from significant secular tailwinds and is achieving disruptive market share gains, which are reflected in its increasing revenue and EBITDA growth. Additionally, the stock has historically performed well when there is positive momentum in earnings estimates, further underscoring the positive outlook for Remitly's financial trajectory.
Bears say
Remitly Global faces significant challenges in a highly competitive industry that raises concerns about its margin profile and overall growth potential. The company's reliance on international transactions makes it vulnerable to fluctuations in foreign exchange rates, which could negatively impact its financial outcomes. Additionally, the ongoing investment in new products poses risks, as failure to achieve satisfactory returns may further strain the company's financial results.
This aggregate rating is based on analysts' research of Remitly Global and is not a guaranteed prediction by Public.com or investment advice.
Remitly Global (RELY) Analyst Forecast & Price Prediction
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