Remitly stock up as Wolfe Research upgrades on diversification plans, increased profitability

5 hours ago 1

Remitly Global (NASDAQ:RELY) stock was rising after Wolfe Research raised its recommendation on the payment processor, citing that diversification plans and increased profitability mitigate bear case.

Shares were +2.61% pre-market to $20.45.

We "believe that revenue diversifying product initiatives alongside continued operating

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