Remitly Global, Inc. (RELY)
NASDAQ: RELY · IEX Real-Time Price · USD
14.24
+0.04 (0.28%)
May 17, 2024, 4:00 PM EDT - Market closed
Remitly Global Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Remitly Global stock have an average target of 25.89, with a low estimate of 15 and a high estimate of 32. The average target predicts an increase of 81.81% from the current stock price of 14.24.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Remitly Global stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 6 | 6 | 6 | 6 | 6 | 5 |
| Hold | 2 | 2 | 1 | 1 | 1 | 1 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 11 | 10 | 11 | 11 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $25 → $20 | Buy | Maintains | $25 → $20 | +40.45% | May 6, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $34 → $28 | Buy | Maintains | $34 → $28 | +96.63% | May 2, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $28 → $24 | Buy | Maintains | $28 → $24 | +68.54% | May 2, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $17 → $15 | Sell | Maintains | $17 → $15 | +5.34% | May 2, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $19 → $17 | Sell | Maintains | $19 → $17 | +19.38% | May 1, 2024 |
Financial Forecast
Revenue This Year
1.27B
from 944.29M
Increased by 34.28%
Revenue Next Year
1.58B
from 1.27B
Increased by 24.76%
EPS This Year
-0.43
from -0.65
EPS Next Year
-0.12
from -0.43
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.3B | 1.7B | 2.0B | 2.2B |
| Avg | 1.3B | 1.6B | 1.9B | 2.2B |
| Low | 1.2B | 1.5B | 1.7B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 40.6% | 34.1% | 28.4% | 18.8% |
| Avg | 34.3% | 24.8% | 18.7% | 15.4% |
| Low | 27.7% | 16.2% | 7.6% | 10.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -0.32 | 0.27 | 0.32 | 1.74 |
| Avg | -0.43 | -0.12 | 0.16 | 1.69 |
| Low | -0.56 | -0.40 | 0.02 | 1.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | - | - | 968.0% |
| Avg | - | - | - | 937.5% |
| Low | - | - | - | 896.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.