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 company demonstrates strong growth potential, improving profitability, and positive sentiment from analysts. Despite some bearish technical indicators, the long-term fundamentals and growth trajectory make it a suitable investment.
The technical indicators show a bearish trend with the MACD histogram at -0.0214 (negatively expanding), RSI_6 at 37.291 (neutral zone), and bearish moving averages (SMA_200 > SMA_20 > SMA_5). The stock is trading near support levels (S1: 12.334, S2: 11.9), with resistance at R1: 13.74 and R2: 14.174.
Analysts have initiated coverage with Buy/Overweight ratings and price targets of $17-$18, citing strong growth potential and profitability improvements.
The company reported a 35% increase in transfers and a 29% rise in EBITDA, indicating strong operational performance.
Expansion into the U.K. and Canada has nearly doubled business send volumes.
Positive sentiment in the news highlights resilience amid market uncertainty.
Goldman Sachs recently lowered its price target from $19 to $17, reflecting some caution.
Gross margin decreased by 1.21% YoY in Q3 2025, which could indicate slight cost pressures.
In Q3 2025, revenue increased by 24.65% YoY to $419.5 million, net income rose by 360.56% YoY to $8.83 million, and EPS grew by 300% YoY to $0.04. However, gross margin dropped slightly to 63.5%. These metrics indicate strong growth and profitability improvements.
Analysts are bullish on RELY, with BofA and Cantor Fitzgerald initiating Buy/Overweight ratings and price targets of $17-$18. They highlight the company's high growth, improving profitability, and market share gains in the digital remittance space. Goldman Sachs maintains a Buy rating with a slightly lowered price target of $17.
