Remitly Global (RELY) Stock Forecast, Price Target & Predictions
RELY Stock Forecast
Remitly Global stock forecast is as follows: an average price target of $23.00 (represents a 21.50% upside from RELY’s last price of $18.93) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
RELY Price Target
The average price target for Remitly Global (RELY) is $23.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $23.00. This represents a potential 21.50% upside from RELY's last price of $18.93.
RELY Analyst Ratings
According to 10 Wall Street analysts, Remitly Global's rating consensus is 'Buy'. The analyst rating breakdown for RELY stock is 0 'Strong Buy' (0.00%), 9 'Buy' (90.00%), 1 'Hold' (10.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Remitly Global Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 17, 2024 | Rufus Hone | BMO Capital | $23.00 | $12.17 | 88.99% | 21.50% |
| May 23, 2024 | Rufus Hone | BMO Capital | $24.00 | $13.67 | 75.57% | 26.78% |
| Feb 22, 2024 | Rufus Hone | BMO Capital | $28.00 | $20.87 | 34.16% | 47.91% |
The latest Remitly Global stock forecast, released on Jun 17, 2024 by Rufus Hone from BMO Capital, set a price target of $23.00, which represents a 88.99% increase from the stock price at the time of the forecast ($12.17), and a 21.50% increase from RELY last price ($18.93).
Remitly Global Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $25.00 |
| Last Closing Price | $18.93 | $18.93 | $18.93 |
| Upside/Downside | -100.00% | -100.00% | 32.07% |
In the current month, the average price target of Remitly Global stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Remitly Global's last price of $18.93. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 31, 2024 | Wells Fargo | Buy | Equal-Weight | Upgrade |
| Sep 18, 2024 | Wells Fargo | Buy | Buy | Hold |
| Sep 18, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 20, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
| Aug 01, 2024 | Monness | Buy | Buy | Hold |
| Jul 29, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
| Jul 17, 2024 | Citigroup | Buy | Buy | Hold |
| Jul 11, 2024 | Wells Fargo | Buy | Buy | Hold |
| Jun 17, 2024 | BMO Capital | Outperform | Outperform | Hold |
Remitly Global's last stock rating was published by KeyBanc on Oct 31, 2024. The company gave RELY a "Overweight" rating, the same as its previous rate.
Remitly Global Financial Forecast
Remitly Global Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $241.63M | $234.03M | $203.87M | $191.03M | $169.26M | $157.25M | $136.01M | $135.25M | $121.24M |
| Avg Forecast | $621.80M | $629.80M | $593.80M | $557.10M | $552.30M | $556.70M | $522.60M | $487.90M | $496.09M | $487.45M | $457.53M | $418.39M | $421.44M | $405.40M | $384.02M | $348.48M | $342.90M | $320.71M | $302.33M | $273.98M | $261.35M | $239.20M | $215.82M | $196.77M | $180.86M | $162.85M | $149.01M | $136.43M | $125.35M | $108.50M |
| High Forecast | $640.67M | $648.91M | $611.82M | $574.01M | $569.06M | $573.59M | $538.46M | $502.71M | $511.14M | $502.24M | $471.42M | $431.09M | $434.23M | $417.70M | $395.68M | $361.37M | $344.31M | $321.03M | $302.33M | $273.98M | $262.46M | $241.93M | $222.37M | $202.74M | $186.34M | $162.85M | $149.01M | $136.43M | $125.35M | $108.50M |
| Low Forecast | $604.90M | $612.68M | $577.66M | $541.95M | $537.28M | $541.57M | $508.39M | $474.64M | $482.60M | $474.19M | $445.09M | $407.02M | $409.98M | $394.37M | $373.58M | $335.58M | $341.48M | $320.40M | $302.33M | $273.98M | $260.21M | $236.23M | $209.95M | $191.42M | $175.94M | $162.85M | $149.01M | $136.43M | $125.35M | $108.50M |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.08% | 1.04% | 1.06% | 1.04% | 1.06% | 1.00% | 1.08% | 1.12% |
Remitly Global's average Quarter revenue forecast for Dec 23 based on 3 analysts is $261.35M, with a low forecast of $260.21M, and a high forecast of $262.46M. RELY's average Quarter revenue forecast represents a 8.16% increase compared to the company's last Quarter revenue of $241.63M (Sep 23).
Remitly Global EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-32.56M | $-16.40M | $-24.53M | $-17.65M | $-30.61M | $-35.74M | $-20.95M | $-15.04M | $-10.87M |
| Avg Forecast | $-99.84M | $-101.13M | $-95.35M | $-89.45M | $-88.68M | $-89.39M | $-83.91M | $-78.34M | $-79.66M | $-78.27M | $-73.47M | $-67.18M | $-67.67M | $-65.09M | $-61.66M | $-55.95M | $-55.06M | $-51.50M | $-48.54M | $-43.99M | $-41.97M | $-38.41M | $-34.65M | $-31.60M | $-29.04M | $-26.15M | $-23.93M | $-17.46M | $-20.13M | $-41.29M |
| High Forecast | $-97.13M | $-98.38M | $-92.75M | $-87.02M | $-86.27M | $-86.96M | $-81.63M | $-76.21M | $-77.49M | $-76.14M | $-71.47M | $-65.35M | $-65.83M | $-63.32M | $-59.99M | $-53.88M | $-54.83M | $-51.45M | $-48.54M | $-43.99M | $-41.78M | $-37.93M | $-33.71M | $-30.74M | $-28.25M | $-26.15M | $-23.93M | $-13.97M | $-20.13M | $-33.03M |
| Low Forecast | $-102.87M | $-104.20M | $-98.24M | $-92.17M | $-91.37M | $-92.10M | $-86.46M | $-80.72M | $-82.07M | $-80.64M | $-75.70M | $-69.22M | $-69.72M | $-67.07M | $-63.53M | $-58.03M | $-55.29M | $-51.55M | $-48.54M | $-43.99M | $-42.14M | $-38.85M | $-35.71M | $-32.55M | $-29.92M | $-26.15M | $-23.93M | $-20.95M | $-20.13M | $-49.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.47% | 0.78% | 0.61% | 1.17% | 1.49% | 1.20% | 0.75% | 0.26% |
undefined analysts predict RELY's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Remitly Global's previous annual EBITDA (undefined) of $NaN.
Remitly Global Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-35.66M | $-18.85M | $-28.31M | $-19.39M | $-33.07M | $-38.24M | $-23.31M | $-16.58M | $-12.96M |
| Avg Forecast | $88.26M | $123.15M | $94.42M | $84.15M | $67.73M | $98.52M | $71.84M | $63.63M | $60.56M | $69.57M | $57.74M | $53.80M | $43.79M | $49.26M | $41.56M | $33.35M | $20.01M | $26.67M | $21.58M | $10.09M | $2.35M | $9.12M | $-344.82K | $-580.45K | $-11.86M | $-8.43M | $-21.96M | $-19.42M | $-18.40M | $-45.00M |
| High Forecast | $91.74M | $128.01M | $98.14M | $87.47M | $70.41M | $102.41M | $74.67M | $66.14M | $62.95M | $72.31M | $60.02M | $55.92M | $45.51M | $51.20M | $43.20M | $34.67M | $22.87M | $27.17M | $21.60M | $10.11M | $2.44M | $9.69M | $-332.63K | $-559.94K | $-11.44M | $-8.43M | $-21.96M | $-15.54M | $-18.40M | $-36.00M |
| Low Forecast | $85.14M | $118.80M | $91.08M | $81.18M | $65.34M | $95.04M | $69.30M | $61.38M | $58.42M | $67.11M | $55.70M | $51.90M | $42.24M | $47.52M | $40.09M | $32.18M | $14.29M | $26.16M | $21.57M | $10.07M | $2.27M | $8.55M | $-358.43K | $-603.35K | $-12.32M | $-8.43M | $-21.96M | $-23.31M | $-18.40M | $-54.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.91% | 54.67% | 48.78% | 1.64% | 3.92% | 1.74% | 1.20% | 0.90% | 0.29% |
Remitly Global's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. RELY's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Remitly Global SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $111.17M | $93.09M | $85.53M | $78.06M | $78.84M | $81.36M | $63.96M | $61.78M | $54.90M |
| Avg Forecast | $283.06M | $286.70M | $270.31M | $253.61M | $251.42M | $253.42M | $237.90M | $222.10M | $225.83M | $221.90M | $208.28M | $190.46M | $191.85M | $184.55M | $174.82M | $158.63M | $156.09M | $146.00M | $137.63M | $124.72M | $118.97M | $108.89M | $98.25M | $89.58M | $82.33M | $74.13M | $67.83M | $53.30M | $57.06M | $49.39M |
| High Forecast | $291.65M | $295.40M | $278.52M | $261.30M | $259.05M | $261.11M | $245.12M | $228.84M | $232.68M | $228.63M | $214.60M | $196.24M | $197.67M | $190.15M | $180.12M | $164.51M | $156.74M | $146.14M | $137.63M | $124.72M | $119.48M | $110.13M | $101.23M | $92.29M | $84.83M | $74.13M | $67.83M | $63.96M | $57.06M | $49.39M |
| Low Forecast | $275.36M | $278.91M | $262.96M | $246.71M | $244.58M | $246.53M | $231.43M | $216.07M | $219.69M | $215.86M | $202.62M | $185.28M | $186.63M | $179.53M | $170.06M | $152.76M | $155.45M | $145.85M | $137.63M | $124.72M | $118.45M | $107.54M | $95.57M | $87.14M | $80.09M | $74.13M | $67.83M | $42.64M | $57.06M | $49.39M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 0.95% | 0.95% | 0.95% | 1.06% | 1.20% | 1.20% | 1.08% | 1.11% |
Remitly Global's average Quarter SG&A projection for Dec 23 is $118.97M, based on 3 Wall Street analysts, with a range of $118.45M to $119.48M. The forecast indicates a 7.02% rise compared to RELY last annual SG&A of $111.17M (Sep 23).
Remitly Global EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 1 | 1 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.00 | $-0.00 | $-0.16 | $-0.11 | $-0.20 | $-0.23 | $-0.14 | $-0.10 | $-0.41 |
| Avg Forecast | $0.43 | $0.60 | $0.46 | $0.41 | $0.33 | $0.48 | $0.35 | $0.31 | $0.30 | $0.34 | $0.28 | $0.26 | $0.21 | $0.24 | $0.20 | $0.16 | $0.10 | $0.13 | $0.11 | $0.05 | $0.01 | $0.04 | $-0.00 | $-0.00 | $-0.06 | $-0.04 | $-0.11 | $-0.11 | $-0.10 | $-0.11 |
| High Forecast | $0.45 | $0.62 | $0.48 | $0.43 | $0.34 | $0.50 | $0.36 | $0.32 | $0.31 | $0.35 | $0.29 | $0.27 | $0.22 | $0.25 | $0.21 | $0.17 | $0.11 | $0.13 | $0.11 | $0.05 | $0.01 | $0.05 | $-0.00 | $-0.00 | $-0.06 | $-0.04 | $-0.11 | $-0.11 | $-0.10 | $-0.11 |
| Low Forecast | $0.41 | $0.58 | $0.44 | $0.40 | $0.32 | $0.46 | $0.34 | $0.30 | $0.28 | $0.33 | $0.27 | $0.25 | $0.21 | $0.23 | $0.20 | $0.16 | $0.07 | $0.13 | $0.11 | $0.05 | $0.01 | $0.04 | $-0.00 | $-0.00 | $-0.06 | $-0.04 | $-0.11 | $-0.11 | $-0.10 | $-0.11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.00% | 0.06% | 56.58% | 1.90% | 4.59% | 2.03% | 1.22% | 1.05% | 3.63% |
According to undefined Wall Street analysts, Remitly Global's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to RELY previous annual EPS of $NaN (undefined).
Remitly Global Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VRNT | Verint Systems | $21.94 | $44.29 | 101.87% | Buy |
| STER | Sterling Check | $16.74 | $26.00 | 55.32% | Hold |
| BASE | Couchbase | $15.93 | $24.17 | 51.73% | Buy |
| FLYW | Flywire | $17.44 | $26.00 | 49.08% | Buy |
| SPSC | SPS Commerce | $167.20 | $215.40 | 28.83% | Buy |
| CCCS | CCC Intelligent Solutions | $10.66 | $13.67 | 28.24% | Buy |
| IIIV | i3 Verticals | $23.19 | $28.33 | 22.16% | Buy |
| RELY | Remitly Global | $18.93 | $23.00 | 21.50% | Buy |
| EVCM | EverCommerce | $10.87 | $12.29 | 13.06% | Buy |
| CSGS | CSG Systems | $47.66 | $52.00 | 9.11% | Buy |
| SCWX | SecureWorks | $8.37 | $9.00 | 7.53% | Hold |
| CCSI | Consensus Cloud Solutions | $23.57 | $25.00 | 6.07% | Buy |
| EVTC | EVERTEC | $33.02 | $28.00 | -15.20% | Sell |
| ACIW | ACI Worldwide | $50.15 | $42.17 | -15.91% | Buy |
RELY Forecast FAQ
Is Remitly Global a good buy?
Yes, according to 10 Wall Street analysts, Remitly Global (RELY) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 90.00% of RELY's total ratings.
What is RELY's price target?
Remitly Global (RELY) average price target is $23 with a range of $23 to $23, implying a 21.50% from its last price of $18.93. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Remitly Global stock go up soon?
According to Wall Street analysts' prediction for RELY stock, the company can go up by 21.50% (from the last price of $18.93 to the average price target of $23), up by 21.50% based on the highest stock price target, and up by 21.50% based on the lowest stock price target.
Can Remitly Global stock reach $30?
RELY's average twelve months analyst stock price target of $23 does not support the claim that Remitly Global can reach $30 in the near future.
What are Remitly Global's analysts' financial forecasts?
Remitly Global's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $2.12B (high $2.18B, low $2.06B), average EBITDA is $-340M (high $-331M, low $-351M), average net income is $301.72M (high $313.62M, low $291.06M), average SG&A $964.85M (high $994.13M, low $938.62M), and average EPS is $1.47 (high $1.53, low $1.42). RELY's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $2.4B (high $2.48B, low $2.34B), average EBITDA is $-386M (high $-375M, low $-397M), average net income is $389.98M (high $405.36M, low $376.19M), average SG&A $1.09B (high $1.13B, low $1.06B), and average EPS is $1.9 (high $1.97, low $1.83).
Did the RELY's actual financial results beat the analysts' financial forecasts?
Based on Remitly Global's last annual report (Dec 2022), the company's revenue was $653.56M, beating the average analysts forecast of $629.15M by 3.88%. Apple's EBITDA was $-105M, beating the average prediction of $-96.575M by 8.67%. The company's net income was $-114M, beating the average estimation of $-61.674M by 84.87%. Apple's SG&A was $302.22M, beating the average forecast of $277.6M by 8.87%. Lastly, the company's EPS was $-0.68, beating the average prediction of $-0.33 by 106.25%. In terms of the last quarterly report (Sep 2023), Remitly Global's revenue was $241.63M, beating the average analysts' forecast of $239.2M by 1.02%. The company's EBITDA was $-32.564M, missing the average prediction of $-38.407M by -15.21%. Remitly Global's net income was $-35.655M, missing the average estimation of $9.12M by -490.75%. The company's SG&A was $111.17M, beating the average forecast of $108.89M by 2.09%. Lastly, the company's EPS was $-0.0002, missing the average prediction of $0.0445 by -100.45%