Added to YB: 2025-02-26
Pitch date: 2025-02-24
RELY [bullish]
Remitly Global, Inc.
-11.16%
current return
Author Info
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Company Info
Remitly Global, Inc., a cross-border payment company engages in the provision of digital financial services in the United States, Canada, and internationally.
Market Cap
$4.8B
Pitch Price
$24.28
Price Target
150.00 (+595%)
Dividend
N/A
EV/EBITDA
44.75
P/E
73.52
EV/Sales
2.72
Sector
Financial Services
Category
growth
Show full summary:
Remitly Global: Tipping Point?
RELY: 33% YoY rev growth, 32% active customer growth, 39% send volume growth. Gross margin hit 60%. Decreasing customer costs while expanding margins. 3% market share, potential for 10%+. $4.8B market cap. Est. $5B rev, $1B op income in 5 years. Potential 3-6x upside.
Read full article (3 min)