Goldman Sachs Trims Remitly (RELY) PT to $17 While Keeping Buy Rating on Remittance Growth

Earlier connected December 11, Citizens reaffirmed its Market Outperform standing and $20 terms people for Remitly Global and identified the institution arsenic a person successful the integer remittance sector. The steadfast suggested that the banal experienced an excessive sell-off earlier the company’s Investor Day owed to antagonistic headlines regarding immigration, a projected slowdown successful gross growth, and capitalist apprehension concerning the motorboat of caller small-dollar lending products.

In Q3 2025, Remitly Global Inc. (NASDAQ:RELY) scaled its caller merchandise categories. Remitly Business expanded into the UK and Canada, importantly broadening the company’s TAM from $2 trillion to $22 trillion. By the extremity of Q3, ~10,000 businesses were progressive connected the platform, with transaction sizes averaging doubly those of accepted consumers. Additionally, the Flex merchandise reached ~100,000 progressive users, with its gross ~doubling sequentially. The institution besides saw a 40% summation successful nonstop measurement from high-value customers, who present correspond a larger information of the full lawsuit mix.

Remitly Global Inc. (NASDAQ:RELY) provides integer fiscal services successful the US, Canada, and internationally. It offers cross-border remittances and complementary fiscal services done a mobile exertion and website.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.