Remitly Global, Inc. (RELY)
NASDAQ: RELY · Real-Time Price · USD
18.61
+0.66 (3.65%)
Nov 4, 2024, 12:53 PM EST - Market open
Remitly Global Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for Remitly Global stock have an average target of 22.38, with a low estimate of 18 and a high estimate of 30. The average target predicts an increase of 20.29% from the current stock price of 18.61.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Remitly Global stock from 9 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Hold | 1 | 1 | 1 | 1 | 2 | 2 |
| Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 10 | 9 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $16 → $20 | Buy | Maintains | $16 → $20 | +7.50% | Nov 4, 2024 |
| Keybanc | Keybanc | Buy Maintains $20 → $21 | Buy | Maintains | $20 → $21 | +12.87% | Oct 31, 2024 |
| JMP Securities | JMP Securities | Buy Maintains $22 → $25 | Buy | Maintains | $22 → $25 | +34.37% | Oct 31, 2024 |
| Wells Fargo | Wells Fargo | Sell → Hold Upgrades $13 → $18 | Sell → Hold | Upgrades | $13 → $18 | -3.25% | Oct 31, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $23 → $24 | Buy | Maintains | $23 → $24 | +29.00% | Sep 18, 2024 |
Financial Forecast
Revenue This Year
1.27B
from 944.29M
Increased by 34.39%
Revenue Next Year
1.59B
from 1.27B
Increased by 25.61%
EPS This Year
-0.32
from -0.65
EPS Next Year
-0.05
from -0.32
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 1.3B | 1.7B | 2.0B | |
| Avg | 1.3B | 1.6B | 1.9B | |
| Low | 1.2B | 1.5B | 1.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 38.9% | 30.8% | 25.5% | |
| Avg | 34.4% | 25.6% | 19.9% | |
| Low | 28.2% | 19.1% | 13.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -0.28 | 0.15 | 0.51 | |
| Avg | -0.32 | -0.05 | 0.23 | |
| Low | -0.37 | -0.25 | -0.09 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | - | - | |
| Avg | - | - | - | |
| Low | - | - | - |
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.