POWW stock forecast aligns with broader small-cap defense industry rebound, fueled by NATO procurement trends. Price targets range $2.70-$3.00, contingent upon sustained backlog growth exceeding $240M. Remitly (NASDAQ: RELY ) is an American online remittance service company, enabling convenient international money transfers to over 150 countries. The company has executed very impressively in recent years, delivering fast growth as digital remittances gain popularity. Indeed, I believe several powerful mega trends will continue propelling Remitly higher over the next decade. However, if you’re comfortable with higher risk, possess a strong conviction in a company, and size your position appropriately, certain penny stocks do offer asymmetric upside. Over the past decade, these stocks have lagged as investors flocked to mega-cap tech and low-volatility sectors. But speculative fervor may return to penny stock land with the Federal Reserve poised to cut interest rates as the economy improves. Analysts reviewing POWW stock forecast emphasize correlation with commodity metal prices, as copper and lead cost stabilization in 2024 could improve production margins. Immediate technical support rests at $2.60.