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Remitly Global (RELY) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

RELY Stock Forecast

Remitly Global (RELY) stock forecast, based on 10 Wall Street analysts, predicts a 12-month average price target of $25.00, with a high of $25.00 and a low of $25.00. This represents a 5.09% increase from the last price of $23.79.

$10 $13 $16 $19 $22 $25 High: $25 Avg: $25 Low: $25 Last Closed Price: $23.79

RELY Stock Rating

Remitly Global stock's rating consensus is Buy, based on 10 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 9 Buy (90.00%), 1 Hold (10.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 10 0 1 9 Strong Sell Sell Hold Buy Strong Buy

RELY Forecast vs Benchmarks

TypeNameUpside
StockRemitly Global5.09%
SectorTechnology Stocks 13.03%
IdeaDigital Banking Stocks List-0.20%

Price Target Trends

1M3M12M
# Anlaysts-14
Avg Price Target-$25.00$25.00
Last Closing Price$23.79$23.79$23.79
Upside/Downside-5.09%5.09%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25542--11
Dec, 24542--11
Nov, 245621-14
Oct, 245621-14
Sep, 245611-13
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Rufus HoneBMO Capital$25.00$17.9839.04%5.09%
Jun 17, 2024Rufus HoneBMO Capital$23.00$12.1788.99%-3.32%
May 23, 2024Rufus HoneBMO Capital$24.00$13.6775.57%0.88%
Feb 22, 2024Rufus HoneBMO Capital$28.00$20.8734.16%17.70%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024KeyBancOverweightOverweighthold
Oct 31, 2024Wells FargoBuyEqual-Weightupgrade
Sep 18, 2024Wells FargoBuyBuyhold
Sep 18, 2024BMO CapitalOutperformOutperformhold
Aug 20, 2024Wells FargoMarket OutperformMarket Outperformhold
Aug 01, 2024MonnessBuyBuyhold
Jul 29, 2024Wells FargoMarket OutperformMarket Outperformhold
Jul 17, 2024CitigroupBuyBuyhold
Jul 11, 2024Wells FargoBuyBuyhold
Jun 17, 2024BMO CapitalOutperformOutperformhold

Financial Forecast

EPS Forecast

Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.64$-0.68$-0.65-----
Avg Forecast$-0.23$-0.20$0.15$0.51$0.79$1.12$1.55$2.01
High Forecast$-0.24$-0.20$0.15$0.47$0.79$0.42$1.53$1.99
Low Forecast$-0.23$-0.19$0.15$0.53$0.80$2.25$1.57$2.03
Surprise %178.26%240.00%-533.33%-----

Revenue Forecast

$0 $600M $1B $2B $2B $3B Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$458.61M$653.56M$944.28M-----
Avg Forecast$448.34M$642.94M$940.72M$1.26B$1.56B$1.88B$2.20B$2.52B
High Forecast$444.53M$638.71M$939.56M$1.25B$1.55B$1.88B$2.19B$2.50B
Low Forecast$451.76M$648.30M$941.85M$1.27B$1.57B$1.88B$2.22B$2.54B
Surprise %2.29%1.65%0.38%-----

Net Income Forecast

$-150M $-30M $90M $210M $330M $450M Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-38.76M$-114.02M$-117.84M-----
Avg Forecast$-42.21M$-35.48M$27.12M$90.53M$143.72M$241.54M$280.41M$363.44M
High Forecast$-42.63M$-35.87M$26.83M$84.75M$142.15M$76.68M$277.34M$359.64M
Low Forecast$-41.74M$-35.18M$27.42M$96.31M$145.30M$406.40M$283.49M$367.62M
Surprise %-8.18%221.34%-534.45%-----

RELY Forecast FAQ

Is Remitly Global stock a buy?

Remitly Global stock has a consensus rating of Buy, based on 10 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 9 Buy, 1 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Remitly Global is a favorable investment for most analysts.

What is Remitly Global's price target?

Remitly Global's price target, set by 10 Wall Street analysts, averages $25 over the next 12 months. The price target range spans from $25 at the low end to $25 at the high end, suggesting a potential 5.09% change from the previous close price of $23.79.

How does Remitly Global stock forecast compare to the average forecast of its sector, industry, and investment themes?

Remitly Global stock forecast shows a 5.09% upside, underperforming the average forecast for the technology stocks sector (13.03%), leading the digital banking stocks list (-0.20%) investment theme.

What is the breakdown of analyst ratings for Remitly Global over the past three months?

  • January 2025: 45.45% Strong Buy, 36.36% Buy, 18.18% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 45.45% Strong Buy, 36.36% Buy, 18.18% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 35.71% Strong Buy, 42.86% Buy, 14.29% Hold, 7.14% Sell, 0% Strong Sell.

What is Remitly Global’s EPS forecast?

Remitly Global's average annual EPS forecast for its fiscal year ending in December is 0.51 for 2024, a -178.46% decrease from the reported $-0.65 in 2023. The prediction for 2025 is $0.79, $1.12 for 2026, $1.55 for 2027, and $2.01 for 2028.

What is Remitly Global’s revenue forecast?

Remitly Global's average annual revenue forecast for its fiscal year ending in December is $1.26B for 2024, a 32.98% increase from the reported $944.28M in 2023. The forecast for 2025 is $1.56B, $1.88B for 2026, $2.2B for 2027, and $2.52B for 2028.

What is Remitly Global’s net income forecast?

For its fiscal year ending in December, Remitly Global's average annual net income forecast is $90.53M for 2024, reflecting a -176.83% decrease from the reported $-118M in 2023. The projection for 2025 is $143.72M, $241.54M for 2026, $280.41M for 2027, and $363.44M for 2028.