Goldman Sachs Lowers Remitly Price Target
Goldman Sachs analyst Will Nance lowered the firm's price target on Remitly Global to $17 from $19 on January 6, while maintaining a Buy rating and citing a recalibration of valuation assumptions. For Q3 2025, Remitly reported revenue of $419.5 million, up 25% year-over-year, with 15% adjusted EBITDA margins and sequentially doubled send volumes after expanding into the U.K. and Canada.
Scoring Rationale
Official earnings and Goldman Sachs analyst update raise credibility, but company-specific scope limits broader industry impact.
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Sources
- Read OriginalGoldman Sachs Maintains Buy on Remitly Global, Inc. (RELY), Trims Target on Valuation Resetinsidermonkey.com
