Citi opens ‘positive catalyst watch’ on Remitly Global into earnings

Citi added a “90-day positive catalyst watch” on Remitly Global while keeping a Buy rating and $21 price target on the shares. Expectations for Q2 “are quite subdued,” which creates an opportunity for better stock performance from “beaten down levels,” the analyst tells investors in a research note. The firm says the company can achieve outlined revenue expectations and potentially exceed adjusted EBITDA targets while illustrating improved marketing expense leverage in the second half of 2025.