Professional
Added to YB: 2023-10-01
Pitch date: 2023-10-01
RELY [bullish]
Remitly Global, Inc.
-3.73%
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
$5.0B
Pitch Price
$25.17
Price Target
50.44 (+108%)
Dividend
N/A
EV/EBITDA
28.84
P/E
48.47
EV/Sales
2.54
Sector
Financial Services
Category
growth
Remitly: X-Border Digital Remittance Winner
RELY: Digital remittance leader poised for growth. Superior digital offering gaining share from legacy players like WU. Expansion aided by shift to digital payments & strong unit economics at scale. Targets doubling share in 3-5 yrs despite risks of price war & macro slowdown. $50 PT for 100%+ upside. Mgmt sees FCF+ ahead.
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