Industry Newsfintechremitlyearnings
Goldman Sachs Lowers Remitly Price Target
5.1
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.
Key Points
- 1Reports Remitly Q3 revenue $419.5M, up 25% year-over-year; adjusted EBITDA margin 15%
- 2Highlights expansion as Remitly Business entered the U.K. and Canada, doubling send volumes sequentially
- 3Suggests valuation adjustment led to the lower price target while operating performance remains intact
Scoring Rationale
Official earnings and Goldman Sachs analyst update raise credibility, but company-specific scope limits broader industry impact.
Sources
Public references used for this report.
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