Barclays analyst Ramsey El-Assal maintains Remitly Global (NASDAQ:RELY) with a Overweight and raises the price target from $15 to $17.
Electric Aviation Company Vertical Aerospace Bags $50M Funding: What’s Going On?
Vertical Aerospace secures a significant $50 million funding boost from CEO Stephen Fitzpatrick, reinforcing its financial position and extending cash runway into Q2 2025. The investment, marked by pre-orders for 1500 VX4 aircraft and regulatory approvals, positions Vertical as a key player in Advanced Air Mobility. Chairman Mike Flewitt applauds Fitzpatrick's commitment, foreseeing transformative developments in the U.K.-developed electric aircraft.
