Remitly Global, Inc. (RELY)
NASDAQ: RELY · IEX Real-Time Price · USD
18.43
-0.41 (-2.18%)
Apr 24, 2024, 4:00 PM EDT - Market closed
Remitly Global Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Remitly Global stock have an average target of 26.9, with a low estimate of 19 and a high estimate of 34. The average target predicts an increase of 45.96% from the current stock price of 18.43.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Remitly Global stock from 11 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Buy | 7 | 6 | 6 | 6 | 6 | 6 |
| Hold | 0 | 2 | 2 | 1 | 1 | 1 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 11 | 10 | 11 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Reiterates $32 | Buy | Reiterates | $32 | +73.63% | Apr 17, 2024 |
| Monness, Crespi, Hardt | Monness, Crespi, Hardt | Strong Buy Initiates $29 | Strong Buy | Initiates | $29 | +57.35% | Mar 20, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $16 → $19 | Sell | Maintains | $16 → $19 | +3.09% | Feb 22, 2024 |
| BMO Capital | BMO Capital | Hold → Buy Upgrades $24 → $28 | Hold → Buy | Upgrades | $24 → $28 | +51.93% | Feb 22, 2024 |
| Barclays | Barclays | Buy Maintains $25 → $21 | Buy | Maintains | $25 → $21 | +13.94% | Jan 22, 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 |
|---|---|---|---|
| High | 1.3B | 1.7B | 2.0B |
| Avg | 1.3B | 1.6B | 1.9B |
| Low | 1.2B | 1.5B | 1.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 40.6% | 34.1% | 28.4% |
| Avg | 34.3% | 24.8% | 18.7% |
| Low | 27.7% | 16.2% | 7.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -0.32 | 0.27 | 0.32 |
| Avg | -0.43 | -0.12 | 0.16 |
| Low | -0.56 | -0.40 | 0.02 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| 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.