Remitly Global (RELY) Stock Forecast, Price Target & Predictions
RELY Stock Forecast
Remitly Global stock forecast is as follows: an average price target of $25.00 (represents a 11.98% upside from RELY’s last price of $22.32) 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 $25.00 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $25.00 to $25.00. This represents a potential 11.98% upside from RELY's last price of $22.32.
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 |
|---|---|---|---|---|---|---|
| Oct 31, 2024 | Rufus Hone | BMO Capital | $25.00 | $17.98 | 39.04% | 11.98% |
| Jun 17, 2024 | Rufus Hone | BMO Capital | $23.00 | $12.17 | 88.99% | 3.02% |
| May 23, 2024 | Rufus Hone | BMO Capital | $24.00 | $13.67 | 75.57% | 7.50% |
| Feb 22, 2024 | Rufus Hone | BMO Capital | $28.00 | $20.87 | 34.16% | 25.42% |
The latest Remitly Global stock forecast, released on Oct 31, 2024 by Rufus Hone from BMO Capital, set a price target of $25.00, which represents a 39.04% increase from the stock price at the time of the forecast ($17.98), and a 11.98% increase from RELY last price ($22.32).
Remitly Global Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $25.00 | $25.00 |
| Last Closing Price | $22.32 | $22.32 | $22.32 |
| Upside/Downside | -100.00% | 11.98% | 11.98% |
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 $22.32. This month's average price target is down -100.00% 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 |
| Jun 11, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
| Jun 11, 2024 | Monness | Underperform | Underperform | Hold |
| Jun 11, 2024 | JMP Securities | Outperform | Outperform | Hold |
| May 23, 2024 | BMO Capital | Outperform | Outperform | Hold |
| May 06, 2024 | Wells Fargo | Buy | Buy | Hold |
| May 02, 2024 | Monness | Buy | Buy | Hold |
| May 02, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Apr 17, 2024 | Wells Fargo | Market Outperform | Market Outperform | Hold |
| Apr 17, 2024 | Monness | Underperform | Underperform | Hold |
| Feb 22, 2024 | BMO Capital | Outperform | Upgrade | |
| Aug 04, 2023 | SVB Leerink | Outperform | Initialise | |
| Aug 04, 2023 | Wolfe Research | Outperform | Upgrade | |
| Mar 27, 2023 | Craig-Hallum | Buy | Initialise | |
| Mar 27, 2023 | Morgan Stanley | Overweight | Initialise | |
| Jul 15, 2022 | JMP Securities | Market Outperform | Market 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 | $421.39M | $405.38M | $384.02M | $348.46M | $343.10M | $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 | $643.94M | $652.23M | $614.94M | $576.94M | $571.97M | $576.52M | $541.21M | $505.27M | $513.75M | $504.80M | $473.82M | $433.29M | $436.39M | $419.82M | $397.69M | $358.43M | $344.52M | $321.03M | $302.33M | $273.98M | $262.46M | $241.93M | $223.50M | $203.78M | $187.30M | $162.85M | $149.01M | $136.43M | $125.35M | $108.50M |
| Low Forecast | $602.38M | $610.13M | $575.25M | $539.70M | $535.05M | $539.31M | $506.28M | $472.66M | $480.59M | $472.22M | $443.24M | $405.32M | $408.23M | $392.72M | $372.02M | $338.48M | $341.69M | $320.40M | $302.33M | $273.98M | $260.21M | $236.23M | $209.08M | $190.63M | $175.21M | $162.85M | $149.01M | $136.43M | $125.35M | $108.50M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 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 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 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 | $-99.16M | $-100.44M | $-94.70M | $-88.85M | $-88.08M | $-88.78M | $-83.34M | $-77.81M | $-79.12M | $-77.74M | $-72.97M | $-66.72M | $-67.20M | $-64.65M | $-61.24M | $-55.57M | $-54.72M | $-51.15M | $-48.21M | $-43.69M | $-41.68M | $-38.15M | $-34.42M | $-31.38M | $-28.84M | $-26.15M | $-23.93M | $-17.46M | $-20.13M | $-41.29M |
| High Forecast | $-96.07M | $-97.30M | $-91.74M | $-86.07M | $-85.33M | $-86.01M | $-80.74M | $-75.38M | $-76.64M | $-75.31M | $-70.69M | $-64.64M | $-65.10M | $-62.63M | $-59.33M | $-53.98M | $-54.49M | $-51.10M | $-48.21M | $-43.69M | $-41.50M | $-37.67M | $-33.34M | $-30.40M | $-27.94M | $-26.15M | $-23.93M | $-13.97M | $-20.13M | $-33.03M |
| Low Forecast | $-102.69M | $-104.02M | $-98.07M | $-92.01M | $-91.22M | $-91.94M | $-86.31M | $-80.58M | $-81.93M | $-80.50M | $-75.56M | $-69.10M | $-69.60M | $-66.95M | $-63.42M | $-57.16M | $-54.94M | $-51.20M | $-48.21M | $-43.69M | $-41.86M | $-38.58M | $-35.64M | $-32.50M | $-29.87M | $-26.15M | $-23.93M | $-20.95M | $-20.13M | $-49.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.85% | 0.48% | 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 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 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 | $43.91M | $49.31M | $41.74M | $33.61M | $20.05M | $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 | $92.34M | $128.85M | $98.79M | $88.05M | $70.87M | $103.08M | $75.16M | $66.57M | $63.36M | $72.79M | $60.41M | $56.29M | $45.94M | $51.59M | $43.67M | $35.16M | $25.78M | $27.17M | $21.60M | $10.11M | $2.46M | $9.69M | $-330.82K | $-556.88K | $-11.37M | $-8.43M | $-21.96M | $-15.54M | $-18.40M | $-36.00M |
| Low Forecast | $84.67M | $118.15M | $90.58M | $80.74M | $64.98M | $94.52M | $68.92M | $61.04M | $58.10M | $66.75M | $55.39M | $51.61M | $42.13M | $47.30M | $40.04M | $32.24M | $14.32M | $26.16M | $21.57M | $10.07M | $2.25M | $8.55M | $-360.79K | $-607.32K | $-12.40M | $-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 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 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 | $191.83M | $184.54M | $174.82M | $158.63M | $156.19M | $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 | $293.14M | $296.91M | $279.94M | $262.64M | $260.37M | $262.45M | $246.37M | $230.01M | $233.87M | $229.80M | $215.70M | $197.24M | $198.66M | $191.11M | $181.04M | $163.17M | $156.83M | $146.14M | $137.63M | $124.72M | $119.48M | $110.13M | $101.74M | $92.76M | $85.26M | $74.13M | $67.83M | $63.96M | $57.06M | $49.39M |
| Low Forecast | $274.22M | $277.74M | $261.87M | $245.68M | $243.57M | $245.51M | $230.47M | $215.17M | $218.78M | $214.97M | $201.77M | $184.51M | $185.83M | $178.77M | $169.35M | $154.08M | $155.54M | $145.85M | $137.63M | $124.72M | $118.45M | $107.54M | $95.18M | $86.78M | $79.76M | $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 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 5 | 4 | 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 | $0.63 | $0.48 | $0.43 | $0.35 | $0.50 | $0.37 | $0.32 | $0.31 | $0.35 | $0.29 | $0.27 | $0.22 | $0.25 | $0.21 | $0.17 | $0.13 | $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 | $0.39 | $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 |
|---|---|---|---|---|---|
| BASE | Couchbase | $15.69 | $23.00 | 46.59% | Buy |
| IIIV | i3 Verticals | $22.47 | $30.00 | 33.51% | Buy |
| VRNT | Verint Systems | $29.42 | $37.00 | 25.76% | Buy |
| CCSI | Consensus Cloud Solutions | $24.33 | $30.00 | 23.30% | Buy |
| CCCS | CCC Intelligent Solutions | $12.10 | $14.33 | 18.43% | Buy |
| RELY | Remitly Global | $21.72 | $25.00 | 15.10% | Buy |
| FLYW | Flywire | $21.49 | $23.33 | 8.56% | Buy |
| EVCM | EverCommerce | $12.05 | $13.00 | 7.88% | Buy |
| ACIW | ACI Worldwide | $53.77 | $58.00 | 7.87% | Buy |
| SPSC | SPS Commerce | $198.81 | $214.25 | 7.77% | Buy |
| SCWX | SecureWorks | $8.46 | $9.00 | 6.38% | Hold |
| CSGS | CSG Systems | $53.57 | $52.00 | -2.93% | Buy |
| EVTC | EVERTEC | $34.85 | $31.50 | -9.61% | Sell |