Market Overview - The Nasdaq-100 Index has experienced a significant decline, falling into a 13.2% correction, with many stocks down 20% or more [1][2] Company Analysis: Remitly - Remitly is a key player in the remittance market, currently facing a 27% drawdown [3] - The company reported a 33% year-over-year revenue growth, reaching 352million,drivenbya3215.4 billion [4] - Remitly holds a 3% market share in remittances and has seen its revenue outside the U.S. and Canada grow at a 100% year-over-year rate, reaching 297.1millionin2024,accountingfor23.53.9 billion and generated 1.26billioninrevenuein2024,withprojectionsofreaching2.5 billion by 2027 and a potential net income of 500million,resultinginaprice−to−earningsratiobelow8[7]CompanyAnalysis:Coupang−Coupangisaleadinge−commerceplatforminSouthKorea,comparabletoAmazoninNorthAmerica,withafocusonrapidshippingandlow−costdelivery[8]−Thecompanygenerated30 billion in revenue in 2024, reflecting a 29% growth on a foreign currency-neutral basis [9] - Coupang is expanding its offerings with new initiatives such as food delivery, international expansion into Taiwan, video streaming, and luxury shopping through an acquisition of Farfetch [10] - The company is projected to generate 50billioninannualrevenueinthecomingyears,withapotentialnetincomeof5 billion, while currently having a market cap below $40 billion [11]
Nasdaq(NDAQ) The Motley Fool·2025-03-16 08:35