Remitly Global, Inc. (RELY)
NASDAQ: RELY · IEX Real-Time Price · USD
13.21
+0.16 (1.23%)
At close: Jul 19, 2024, 4:00 PM
13.29
+0.08 (0.61%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Remitly Global Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Remitly Global stock have an average target of 23.67, with a low estimate of 15 and a high estimate of 30. The average target predicts an increase of 79.18% from the current stock price of 13.21.
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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 3 | 3 | 3 | 3 | 3 |
| Buy | 6 | 6 | 6 | 5 | 5 | 5 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 11 | 11 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $23 → $20 | Strong Buy | Maintains | $23 → $20 | +51.40% | Jul 11, 2024 |
| Barclays | Barclays | Buy Maintains $20 → $16 | Buy | Maintains | $20 → $16 | +21.12% | Jun 17, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $24 → $23 | Buy | Maintains | $24 → $23 | +74.11% | Jun 17, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $32 → $22 | Buy | Maintains | $32 → $22 | +66.54% | Jun 11, 2024 |
| Barclays | Barclays | Buy Maintains $25 → $20 | Buy | Maintains | $25 → $20 | +51.40% | May 6, 2024 |
Financial Forecast
Revenue This Year
1.26B
from 944.29M
Increased by 33.75%
Revenue Next Year
1.58B
from 1.26B
Increased by 24.70%
EPS This Year
-0.39
from -0.65
EPS Next Year
-0.12
from -0.39
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 | 1.8B | 2.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 38.8% | 31.4% | 26.7% | 18.2% |
| Avg | 33.8% | 24.7% | 19.9% | 14.8% |
| Low | 26.9% | 16.4% | 12.3% | 10.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -0.26 | 0.25 | 0.65 | 1.74 |
| Avg | -0.39 | -0.12 | 0.32 | 1.69 |
| Low | -0.49 | -0.33 | 0.03 | 1.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | - | - | 439.6% |
| Avg | - | - | - | 424.2% |
| Low | - | - | - | 403.6% |
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.