Remitly Global (RELY) News Today

Remitly Global, Inc. (NASDAQ: RELY) has seen its stock rise amid a string of positive catalysts, including strong quarterly results, raised earnings estimates, bullish analyst targets and heightened options activity. Key developments include:

• Positive Sentiment: Shares gapped up on August 7th after strong session momentum, suggesting renewed investor interestRemitly Global (NASDAQ:RELY) Shares Gap Up - Here's What Happened
• Positive Sentiment: A blowout Q2 report drove a fifth consecutive daily gain, with the stock jumping over 15% after posting impressive income performanceRemitly (RELY) on 5-Day Winning Streak on Q2 Blowout
• Positive Sentiment: Unusually large call‐option activity—over 12,000 calls traded on August 7th, a 484% jump from average—points to bullish trader positioningRemitly Global Target of Unusually Large Options Trading (NASDAQ:RELY)
• Positive Sentiment: William Blair raised its FY2025 EPS forecast to $0.13 (from $0.11) and projects $0.34 for FY2026, above the consensus estimates
• Positive Sentiment: Analysts’ consensus price target sits at $28.88, indicating significant upside from current levelsRemitly Global, Inc. Receives $28.88 Consensus PT from Brokerages
• Positive Sentiment: Consensus estimates suggest a potential 43.1% rally, driven by upward revisions in earnings projectionsDoes Remitly Global (RELY) Have the Potential to Rally 43.06% as Wall Street Analysts Expect?
• Positive Sentiment: Third-quarter revenue guidance of $411.0–$413.0 million exceeded the consensus view of $408.1 million, reinforcing growth expectations
• Neutral Sentiment: Management will host a webinar and participate in an investor conference, providing an opportunity for more detailed updatesRemitly Announces Upcoming Webinar and Investor Conference Participation