Remitly Global Reaches Analyst Target Price
March 22, 2023 at 07:17 AM EDT
In recent trading, shares of Remitly Global Inc (RELY) have crossed above the average analyst 12-month target price of $16.67, changing hands for $16.78/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..