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Stock impact report

Goldman Sachs Trims Remitly (RELY) PT to $17 While Keeping Buy Rating on Remittance Growth [Yahoo! Finance]

Remitly Global, Inc. (RELY) 
US:NASDAQ Investor Relations: realindustryinc.com
Company Research Source: Yahoo! Finance
price target on Remitly Global to $17 from $19 and maintained a Buy rating on the shares. Earlier on December 11, Citizens reaffirmed its Market Outperform rating and $20 price target for Remitly Global and identified the company as a leader in the digital remittance sector. The firm suggested that the stock experienced an excessive sell-off before the company's Investor Day due to negative headlines regarding immigration, a projected slowdown in revenue growth, and investor apprehension concerning the launch of new small-dollar lending products. In Q3 2025, Remitly Global Inc. (NASDAQ:RELY) scaled its new product categories. Remitly Business expanded into the UK and Canada, significantly broadening the company's TAM from $2 trillion to $22 trillion. By the end of Q3, ~10,000 businesses were active on the platform, with transaction sizes averaging twice those of traditional consumers. Additionally, the Flex product reached ~100,000 active users, with its revenue ~doubling sequenti Show less Read more
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