Goldman Sachs: These 3 stocks will deliver up to 56% appreciation over the next 12 months
Goldman-Sachs is one of the most important institutions on Wall Street and its analysts have been busy in recent weeks finding the right stocks that are ready to outperform the market. Here are the details on the individual titles where Godman analysts see potential upside of up to 60% over the next 12 months.
Remitly Global $RELY
Remitly Global Inc provides immigrants with integrated financial services, including helping customers send money abroad in a fast, reliable and cost-effective way using digital channels. It supports cross-border transfers around the world. Its revenues are generated from transaction fees charged to customers and foreign exchange spreads between the exchange rate offered to customers and the exchange rate on the company's currency purchases.¨
While it may be easiest to compare Remitly to fintech giants like PayPal and Block (formerly known as Square), as remittance companies, Remitly's closest competitors are Western Union and MoneyGram…
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