Remitly Global, Inc. (RELY)

Remitly Global Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Remitly Global stock have an average target of 28.13, with a low estimate of 21 and a high estimate of 33. The average target predicts an increase of 36.62% from the current stock price of 20.59.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$21	$28.13	$30	$33
Change	+1.99%	+36.62%	+45.70%	+60.27%

* Price targets were last updated on Feb 24, 2025.

Analyst Ratings

The average analyst rating for Remitly Global stock from 8 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	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	2	2	2	2	2	2
Buy	5	5	5	5	5	5
Hold	2	2	2	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	9	9	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ramsey El-Assal Barclays	Barclays	Buy Maintains $28 → $29	Buy	Maintains	$28 → $29	+40.84%	Feb 24, 2025
Tien-Tsin Huang JP Morgan	JP Morgan	Buy Maintains $21 → $30	Buy	Maintains	$21 → $30	+45.70%	Feb 20, 2025
Will Nance Goldman Sachs	Goldman Sachs	Strong Buy Maintains $28 → $33	Strong Buy	Maintains	$28 → $33	+60.27%	Feb 20, 2025
Rufus Hone BMO Capital	BMO Capital	Buy Maintains $27 → $32	Buy	Maintains	$27 → $32	+55.41%	Feb 20, 2025
Andrew Bauch Wells Fargo	Wells Fargo	Hold Maintains $21 → $25	Hold	Maintains	$21 → $25	+21.41%	Feb 20, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.61B

Increased by 27.30%

from 1.26B

Revenue Next Year

1.94B

Increased by 20.51%

from 1.61B

EPS This Year

0.03

from -0.19

EPS Next Year

0.29

Increased by 895.06%

from 0.03

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	256.96M	458.61M	653.56M	944.29M	1.26B	1.61B	1.94B	2.24B
Revenue Growth	103.02%	78.48%	42.51%	44.48%	33.85%	27.30%	20.51%	15.32%
EPS	-1.52	-0.64	-0.68	-0.65	-0.19	0.03	0.29	0.56
EPS Growth	-	-	-	-	-	-	895.06%	91.71%
Forward PE	-	-	-	-	-	706.58	71.01	37.04
No. Analysts	-	-	-	-	-	12	12	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028
High	1.7B	2.0B	2.3B
Avg	1.6B	1.9B	2.2B
Low	1.5B	1.8B	2.1B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	32.3%	26.8%	21.1%
Avg	27.3%	20.5%	15.3%
Low	21.8%	13.8%	7.3%

EPS Forecast

EPS	2025	2026	2027	2028
High	0.09	0.46	0.84
Avg	0.03	0.29	0.56
Low	-	0.14	0.28

EPS Growth

EPS Growth	2025	2026	2027	2028
High	-	1,485.4%	189.7%
Avg	-	895.1%	91.7%
Low	-	370.8%	-2.0%

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.