Remitly Reports Second Quarter 2024 Results
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Remitly Global Inc (RELY) PT Lowered to $19 at JPMorgan
August 1, 2024 5:40 AM EDTJPMorgan analyst Tien-tsin Huang lowered the price target on Remitly Global Inc (NASDAQ: RELY) to $19.00 (from $28.00) while maintaining a Overweight rating.
The analyst comments "Remitly added a record number of customer additions, validating marketing investments and seasonality effects that were under-appreciated last qtr. Revenue climbed 31%, ahead of guidance at... More
