Latest Remitly News
Oct 18, 2021
The shares of Remitly Global Inc (NASDAQ: RELY) have received a $57 price target from JPMorgan. These are the details. The shares of Remitly Global Inc (NASDAQ: RELY) have received a $57 price target from JPMorgan. And JPMorgan analyst Tien-tsin Huang initiated coverage of Remitly Global with an “Overweight” rating. Huang said that he likes Remitly as a mission-led growth company as it brings “modern digital solutions to the antiquated global remittance market.” And with less than 3% share of its serviceable addressable market for cross-border remittances to low-and-middle-income countries, Remitly is considered a “durable share gainer in a fragmented market dominated by legacy providers.” Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.