Citizens JMP Keeps Market Outperform Rating on Remitly (RELY)

Core Viewpoint - Remitly Global, Inc. (NASDAQ:RELY) is recognized as one of the best fintech stocks to buy, with a reaffirmed Market Outperform rating and a price target of $23 by Citizens JMP, highlighting its strong growth potential in the fintech sector [1][2]. Group 1: Company Overview - Remitly Global, Inc. is a financial technology and payments company that offers digital financial services through its cross-border payments app, facilitating money transfers in over 170 countries [2]. - The price target of $23 represents approximately 15 times the estimated adjusted EBITDA for Remitly in 2026, indicating strong future earnings potential [2]. Group 2: Market Position - Citizens JMP views Remitly as one of the strongest secular growth vehicles in the fintech industry, noting that its business has grown more quickly and profitably than many had anticipated [1].