06-06-2025
Remitly Global (RELY) Gets a Buy from BMO Capital
In a report released today, Rufus Hone from BMO Capital reiterated a Buy rating on Remitly Global (RELY – Research Report), with a price target of $30.00. The company's shares closed today at $20.88.
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According to TipRanks, Hone is a 4-star analyst with an average return of 10.6% and a 68.22% success rate. Hone covers the Financial sector, focusing on stocks such as PayPal Holdings, Mastercard, and Visa.
Remitly Global has an analyst consensus of Strong Buy, with a price target consensus of $28.43, representing a 36.16% upside. In a report released on June 2, Barclays also maintained a Buy rating on the stock with a $27.00 price target.
The company has a one-year high of $27.32 and a one-year low of $11.60. Currently, Remitly Global has an average volume of 2.66M.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RELY in relation to earlier this year. Last month, Luke Tavis, the CAO of RELY sold 970.00 shares for a total of $21,660.10.
