Reported 2 days ago
William Blair analyst Christopher Kennedy has reaffirmed a Buy rating on Remitly Global Inc. (NASDAQ:RELY), emphasizing the company's potential for growth through diversification beyond remittances. Despite macroeconomic challenges for high-volume senders, Remitly's core services remain stable, and its early-stage expansion into additional financial products could enhance revenue and reduce risk. The stock is currently undervalued compared to peers, presenting a favorable risk-reward profile for investors.
Source: YAHOO