Goldman Sachs Reiterated a Buy Rating on Remitly Global (RELY)

Remitly Global, Inc. (NASDAQ:RELY) is one of the 10 Best Growth Stocks to Buy With Huge Upside Potential. On June 17, Goldman Sachs analyst Will Nance reiterated a Buy rating on Remitly Global, Inc. (NASDAQ:RELY) without disclosing any price target.

The reiterated bullish sentiment comes after the company reported its fiscal first quarter results for 2025 and raised its full-year outlook. Remitly Global, Inc. (NASDAQ:RELY) grew its revenue by 34% year-over-year, reaching $361.6 million. This was driven by a 29% growth in active customers and improved send volume, which grew 41% during the same time.

Management now expects full-year revenue for 2025 to be in the range of $1.574 billion to $1.587 billion against the previous outlook of $1.565 billion to $1.580 billion. The outlook for adjusted EBITDA also improved from $180 million to $200 million to a range of $195 million to $210 million.

Remitly Global, Inc. (NASDAQ:RELY) is a technology company that provides a digital platform for fast, reliable, and transparent cross-border money transfers to over 170 countries.

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Disclosure: None. This article is originally published at Insider Monkey.