We recently published an article titled 13 High Growth Cloud Stocks to Buy.
On January 6, Goldman Sachs analyst Will Nance lowered the firm’s price target on Remitly Global, Inc. (NASDAQ:RELY) to $17 from $19 while maintaining a Buy rating on the shares. The update reflects a recalibration of valuation assumptions rather than a change in the firm’s view on the company’s underlying operating performance.
For the third quarter of 2025, Remitly Global, Inc. (NASDAQ:RELY) reported revenue of $419.5 million, representing a 25% year-over-year increase. Adjusted EBITDA margins reached 15%, indicating continued operating leverage as the company scales. During the quarter, Remitly Business expanded into the U.K. and Canada, which contributed to business send volumes nearly doubling on a sequential basis.
Remitly Global, Inc. (NASDAQ:RELY) is a Seattle-based financial technology company founded in 2011 that focuses on digital international money transfers. The platform enables customers to send funds to more than 170 countries through mobile apps and online channels, offering delivery options including bank deposits, cash pickup, and mobile wallets, with an emphasis on speed, transparency, and reliability in cross-border payments.
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