Remitly’s (RELY) Record Q3 Performance Powers Upbeat Analyst Targets and a Strong Buy Consensus

Core Insights - Remitly Global Inc. (NASDAQ: RELY) is viewed positively by Wall Street analysts, holding a Strong Buy consensus from 7 analysts, all issuing Buy ratings, with an average price target of $24.20, indicating a potential upside of 78.66% from the current price of $13.55 [1][2]. Financial Performance - In Q3 2025, Remitly reported a revenue increase of 25% to $419.5 million, up from $336.5 million in the same quarter last year, while net income surged 361% to $8.8 million compared to $1.9 million in the previous year [3]. - The company has raised its full-year revenue guidance to between $1.619 billion and $1.621 billion, reflecting a 28% year-over-year increase, and net income expectations have been adjusted to range between $234 million and $236 million, up from previous guidance of $225 million to $230 million [5]. Strategic Focus - The CEO, Matt Oppenheimer, emphasized the company's commitment to sustainable, profitable growth and efficient execution, while continuing to invest in innovation [4].