Remitly Global Inc. (NASDAQ:RELY) is one of the best falling stocks to buy, according to Wall Street analysts. Remitly Global Inc. (NASDAQ:RELY) holds a Strong Buy consensus from 7 analysts, all issuing Buy ratings. The average price target is $24.20, with forecasts ranging from $18 to $32, implying a 78.66% upside from the current $13.55.
Previously on November 5, the company’s Chief Executive Officer, Matt Oppenheimer, reiterated that the company is on course to finish the year strong, having already raised its full-year revenue and adjusted EBITDA outlook.
The remarks come on the heels of the company delivering impressive third-quarter 2025 results that showed continued growth momentum from the second quarter. Revenue in the quarter was up 25% to $419.5 million from $336.5 million delivered in the same quarter last year. On the other hand, net income increased 361% to $8.8 million compared to $1.9 million delivered in the same quarter the previous year. The better-than-expected financial results were driven by a 21% increase in active customers to 8.9 million from 7.3 million.
“The financial results reflect our focus on sustainable, profitable growth and efficient execution even as we continue to invest in innovation. We expect to close 2025 strong and are raising our full year revenue and Adjusted EBITDA outlook,” Oppenheimer said.
Remitly expects its full-year revenue to range between $1.619 billion and $1.621 billion, representing a 28% year-over-year increase. Net income, on the other hand, is expected to range between $234 million and $236 million, up from the previous guidance of between $225 million and $230 million.
Remitly Global, Inc. (NASDAQ:RELY) is a financial services company that facilitates international money transfers, allowing users to send money securely and affordably to over 100 currencies worldwide. It offers various delivery options, including bank deposits, mobile wallets, and cash pickup.
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Disclosure: None. This article is originally published at Insider Monkey.
