Remitly Global, Inc. (RELY): A Bull Case Theory [Yahoo! Finance]
Remitly Global, Inc. (RELY)
US:NASDAQ Investor Relations:
realindustryinc.com
Company Research
Source: Yahoo! Finance
A customer using a mobile banking app at home to securely transfer money. Remitly Global (RELY) has emerged as a compelling investment opportunity, particularly following a 72% stock price decline since its IPO in 2021, despite robust fundamentals. The company's revenue has grown at an impressive 61% annual rate since 2019, driven by its mission to simplify cross-border remittance payments. Founded by Matt Oppenheimer in 2011 after identifying inefficiencies in money transfers while working in Kenya, Remitly has focused on making remittances safer, faster, and more convenient through its mobile app. Today, it is the largest U.S.-based digital remittance platform, competing with Wise, PayPal, and Western Union, while serving over 170 countries. Remitly's growth strategy is centered around targeting key remittance corridors, such as the U.S. to the Philippines, India, and Mexico, where young, tech-savvy professionals frequently send money back to their families. Its product offerin
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RELY
News
- Remitly Global, Inc. (NASDAQ: RELY) had its price target raised by analysts at Barclays PLC from $16.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Remitly Global, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Remitly Global Stock Was Soaring This Week: Here's Why [Yahoo! Finance]Yahoo! Finance
- Remitly Global Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Remitly Global, Inc. (NASDAQ: RELY) had its price target raised by analysts at JMP Securities from $22.00 to $25.00. They now have a "market outperform" rating on the stock.MarketBeat
RELY
Earnings
- 10/30/24 - Beat
RELY
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/24/24 - Form SC
- RELY's page on the SEC website