Citizens Sees Remitly Global (RELY) as a Premier Digital Remittance Platform

2 hours ago 2

Sheryar Siddiq

Fri, January 2, 2026 astatine 9:50 AM CST 2 min read

Remitly Global, Inc. (NASDAQ:RELY) ranks among the best stocks nether $25 to bargain now. On December 11, Citizens reaffirmed its Market Outperform standing and $20 terms people connected Remitly Global, Inc. (NASDAQ:RELY), noting the company’s starring relation successful the integer remittance industry. The steadfast believes Remitly Global, Inc. (NASDAQ:RELY) shares were overcorrected earlier the company’s Investor Day connected relationship of immigration-related headlines, slowing gross growth, and concerns regarding the instauration of small-dollar lending products.

Even with these hurdles, Citizens emphasizes Remitly’s presumption arsenic the premier all-digital remittance vendor, with immense upside imaginable and plans to execute industry-leading profitability successful the agelong run.

During the Investor Day event, Remitly Global, Inc. (NASDAQ:RELY) announced its maturation plans done 2028, with gross expected to turn successful the precocious teens and adjusted EBITDA betwixt $300 cardinal and $320 cardinal by 2026. Remitly Global, Inc. (NASDAQ:RELY) besides estimates gross to scope betwixt $2.6 cardinal and $3.0 cardinal successful 2028, with Adjusted EBITDA of $575 cardinal to $600 million, representing a borderline of 20-22%.

Remitly Global, Inc. (NASDAQ:RELY) is simply a fiscal exertion and payments institution that provides integer fiscal services with its cross-border payments app that facilitates wealth transfers successful much than 170 countries astir the world.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.