Remitly Global Stock Surges After Earnings. It's ‘in the Early Innings' of Growth Story, Says Analyst. [MarketWatch]
Remitly Global, Inc. (RELY)
US:NASDAQ Investor Relations:
realindustryinc.com
Company Research
Source: MarketWatch
Want to see it on more articles? Give your feedback below or email product@barrons.com thumb-stroke-medium thumb-stroke-medium Remitly Global is a provider of digital financial services. Dreamstime Shares of Remitly Global were trading sharply higher after the provider of digital financial services topped quarterly revenue estimates and issued strong guidance. Remitly rose 20% to $21.23 on Thursday, while the S&P 500 gained 1.6%. BMO Capital Markets analyst Rufus Hone upgraded the stock to Outperform from Market Perform and lifted his price target to $28 from $24. BMO's main worry when initiating coverage of the stock was that marketing spending would falter, Hone explained, but the quarterly report alleviated those fears. Advertisement “However, RELY's 4Q results were strong, demonstrating stable underlying marketing efficiency QoQ, better-than-expected customer growth and greater potential for more meaningful future operating leverage,” he continued, arguing that
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RELY
News
- Why Remitly Global Stock Was Sliding Today [Yahoo! Finance]Yahoo! Finance
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Remitly Global, Inc. and Encourages Investors to Contact the FirmGlobeNewswire
- CYCC, BCAB and CARV among pre-market losers [Seeking Alpha]Seeking Alpha
- Remitly Global (RELY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Remitly Global, Inc. (RELY) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
RELY
Earnings
- 5/1/24 - Beat
RELY
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/29/24 - Form D/A
- RELY's page on the SEC website