Remitly Global (RELY) Has a Healthy Upside Despite Downward Target Price Revisions

Remitly Global, Inc. (NASDAQ:RELY) is one of the 15 software stocks with the highest upside potential. On January 8, Wolfe Research analyst Darrin Peller lowered the firm’s price target for the stock from $18 to $16 while maintaining a Buy rating. The adjusted price target implies a 19.4% upside from current levels as of January 9. Goldman Sachs also presented a similar view on January 6. Will Nance, an analyst at Goldman Sachs, cut the price target on the shares from $19 to $17, implying a further 27% u ...