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Remitly Global: Keybanc raises PT to $28 from $27, maintains Overweight.
ByAinvest
Thursday, Aug 7, 2025 10:24 am ET1min read
Remitly Global: Keybanc raises PT to $28 from $27, maintains Overweight.
KeyBanc has raised its price target for Remitly Global to $28 from $27, while maintaining an Overweight rating [1]. The update comes amidst positive developments in Remitly’s financial performance and strategic outlook.According to KeyBanc, Remitly Global reported in-line second-quarter results and provided guidance for the third quarter, indicating a slight improvement in performance. The company's strong execution in the AI sector, as highlighted by Stifel and Benchmark, has contributed to this positive outlook [2]. Remitly’s management has emphasized the increasing demand in Communications and Computing segments and improving inventory levels in the Industrial and Automotive markets, reflecting a more optimistic tone for future performance [3].
KeyBanc noted that Remitly’s gross profit margin remains healthy at 66.69%, despite recent revenue challenges. The company’s LTM revenue stands at $488.74M, indicating a solid financial foundation. Additionally, Remitly’s second-quarter 2025 earnings aligned with market expectations, with an earnings per share of $0.24 and slightly exceeding revenue projections [4].
In other recent news, Remitly Global reported its second-quarter 2025 earnings, which aligned with market expectations. The company posted an earnings per share of $0.24 and slightly exceeded revenue projections with $124 million. Lattice Semiconductor’s management provided third-quarter guidance that generally matched consensus estimates, indicating a positive outlook. The company anticipates a sequential sales growth of 7% for the third quarter, as noted by BofA Securities, which raised its price target to $52 while maintaining an Underperform rating [5].
KeyBanc's updated price target and Overweight rating reflect the firm’s confidence in Remitly’s growth prospects, particularly in the AI sector. The company’s strong execution and record design wins have been highlighted by various analysts, contributing to the positive outlook [6].
References:
[1] https://za.investing.com/news/analyst-ratings/keybanc-reiterates-overweight-rating-on-lattice-semiconductor-stock-93CH-3820628
[2] https://za.investing.com/news/analyst-ratings/keybanc-reiterates-overweight-rating-on-lattice-semiconductor-stock-93CH-3820628
[3] https://za.investing.com/news/analyst-ratings/keybanc-reiterates-overweight-rating-on-lattice-semiconductor-stock-93CH-3820628
[4] https://za.investing.com/news/analyst-ratings/keybanc-reiterates-overweight-rating-on-lattice-semiconductor-stock-93CH-3820628
[5] https://za.investing.com/news/analyst-ratings/keybanc-reiterates-overweight-rating-on-lattice-semiconductor-stock-93CH-3820628
[6] https://za.investing.com/news/analyst-ratings/keybanc-reiterates-overweight-rating-on-lattice-semiconductor-stock-93CH-3820628
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