JMP Securities analyst David Scharf raised the firm’s price target on Remitly Global to $21 from $17 and keeps an Outperform rating on the shares. The firm expects valuations in Consumer Finance and FinTech to remain depressed relative to historical averages for much of 2023, and says the strongest secular themes within coverage remain the shift to digital lending and money transfers, with the most compelling stocks including Remitly.
Published first on TheFly
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Read More on RELY:
- Remitly to Report First Quarter 2023 Financial Results on Wednesday, May 3, 2023
- Remitly Global price target raised to $20 from $17 at Barclays
- Remitly Appoints Two New Members to its Board of Directors
- Remitly Global appoints two new members to its board of directors
- Remitly Global downgraded to Peer Perform from Outperform at Wolfe Research
