Goldman Sachs Maintains Buy on Remitly Global, Inc. (RELY), Trims Target on Valuation Reset

On January 6, Goldman Sachs expert Will Nance lowered the firm’s terms people connected Remitly Global, Inc. (NASDAQ:RELY) to $17 from $19 portion maintaining a Buy standing connected the shares. The update reflects a recalibration of valuation assumptions alternatively than a alteration successful the firm’s presumption connected the company’s underlying operating performance.

For the 3rd 4th of 2025, Remitly Global, Inc. (NASDAQ:RELY) reported gross of $419.5 million, representing a 25% year-over-year increase. Adjusted EBITDA margins reached 15%, indicating continued operating leverage arsenic the institution scales. During the quarter, Remitly Business expanded into the U.K. and Canada, which contributed to concern nonstop volumes astir doubling connected a sequential basis.

Remitly Global, Inc. (NASDAQ:RELY) is simply a Seattle-based fiscal exertion institution founded successful 2011 that focuses connected integer planetary wealth transfers. The level enables customers to nonstop funds to much than 170 countries done mobile apps and online channels, offering transportation options including slope deposits, currency pickup, and mobile wallets, with an accent connected speed, transparency, and reliability successful cross-border payments.

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