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Key Points

  • Remitly Global has received an upgrade from a "hold" to a "buy" rating by analysts at Wall Street Zen, with a consensus price target of $29.00.
  • Despite this positive outlook, the stock recently reported a 1.0% decrease in value, closing at $19.49 after posting earnings that missed estimates.
  • Insider trading saw CEO Matthew B. Oppenheimer sell over 14,000 shares, indicating a potential shift in management confidence in the stock.
  • Five stocks we like better than Remitly Global.
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