RELY Should I Buy
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Remitly Global Inc (RELY) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock shows strong growth potential, positive analyst sentiment, and improving financial performance, making it a suitable choice for long-term gains.
The stock is showing bullish momentum with MACD above 0 and positively contracting, RSI in the neutral zone, and bullish moving averages (SMA_5 > SMA_20 > SMA_200). The pre-market price is $20.49, slightly above the pivot level of $19.028, with resistance levels at $20.793 and $21.883. These indicators suggest a positive price trend.
Analysts have consistently raised price targets, with the latest targets ranging from $23 to $24, reflecting confidence in the company's growth.
The company reported a significant turnaround in net income for 2025, with total revenue reaching $1.64 billion.
The shift towards AI-assisted distribution and ChatGPT integration is a forward-looking strategy to expand its market reach.
Insider selling by the Chief Legal and Corporate Affairs Officer could raise concerns about internal confidence.
The company's Q4 2025 net income and EPS showed significant YoY declines, which may worry some investors.
In 2025/Q4, revenue increased by 25.66% YoY to $442.18 million, and gross margin improved by 4.08% YoY to 67.34%. However, net income dropped by -820.06% YoY to $41.22 million, and EPS fell by -733.33% YoY to 0.19. Despite these declines, the company achieved a full-year net income of $67.9 million, a significant turnaround from a net loss of $37 million in the previous year.
Analysts are highly positive on RELY, with multiple firms raising price targets and maintaining Overweight or Buy ratings. Recent price targets range from $20 to $24, with analysts highlighting strong revenue growth, expanding margins, and achievable forward guidance. Analysts also see the company benefiting from its scale and strong unit economics.
