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Remitly Global - RELY Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $27.60
  • Forecasted Upside: 49.11%
  • Number of Analysts: 11
  • Breakdown:
  • 1 Sell Ratings
  • 1 Hold Ratings
  • 9 Buy Ratings
  • 0 Strong Buy Ratings
$18.51 As of 04/19/2024 01:00 AM ET
▼ -0.09 (-0.48%)
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Analyst Price Target for RELY

Analyst Price Target is $27.60
▲ +49.11% Upside Potential
This price target is based on 11 analysts offering 12 month price targets for Remitly Global in the last 3 months. The average price target is $27.60, with a high forecast of $34.00 and a low forecast of $19.00. The average price target represents a 49.11% upside from the last price of $18.51.

This chart shows the closing price for RELY for the last year in relation to the current analyst high, average, and low pricetarget.

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Moderate Buy

The current consensus among 11 contributing investment analysts is to moderate buy stock in Remitly Global. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/27/2022
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
1/25/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
4/25/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
7/24/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
10/22/2023
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
1/20/2024
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
3/20/2024
  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
4/19/2024

Latest Recommendations

  • 0 strong buy ratings
  • 9 buy ratings
  • 1 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/17/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$32.00N/A
3/20/2024Monness Crespi & HardtInitiated CoverageBuy$29.00N/A
2/22/2024Wells Fargo & CompanyBoost TargetUnderweight ➝ Underweight$16.00 ➝ $19.00N/A
2/22/2024William BlairReiterated RatingOutperformN/A
2/22/2024BMO Capital MarketsUpgradeMarket Perform ➝ Outperform$24.00 ➝ $28.00N/A
1/22/2024BarclaysLower TargetOverweight ➝ Overweight$25.00 ➝ $21.00N/A
1/17/2024Wells Fargo & CompanyInitiated CoverageUnderweight$16.00N/A
1/11/2024The Goldman Sachs GroupLower TargetBuy ➝ Buy$29.00 ➝ $25.00N/A
12/5/2023BMO Capital MarketsInitiated CoverageMarket Perform$25.00N/A
12/1/2023Wolfe ResearchReiterated RatingOutperform ➝ Peer PerformN/A
11/2/2023The Goldman Sachs GroupLower TargetBuy ➝ Buy$34.00 ➝ $29.00N/A
10/18/2023KeyCorpBoost TargetOverweight ➝ Overweight$25.00 ➝ $30.00N/A
10/12/2023The Goldman Sachs GroupBoost TargetBuy ➝ Buy$25.00 ➝ $34.00N/A
9/18/2023JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$26.00 ➝ $32.00N/A
9/12/2023CitigroupBoost TargetBuy ➝ Buy$25.00 ➝ $30.00N/A
8/27/2023BarclaysBoost Target$25.00 ➝ $29.00N/A
8/22/2023JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$23.00 ➝ $34.00N/A
8/4/2023BarclaysBoost TargetOverweight ➝ Overweight$21.00 ➝ $25.00N/A
8/4/2023Wolfe ResearchUpgradePeer Perform ➝ Outperform$28.00N/A
8/3/2023The Goldman Sachs GroupBoost TargetBuy ➝ Buy$22.00 ➝ $25.00N/A
8/3/2023KeyCorpBoost TargetOverweight ➝ Overweight$21.00 ➝ $25.00N/A
8/3/2023CitigroupBoost TargetBuy ➝ Buy$23.00 ➝ $25.00N/A
8/3/2023JMP SecuritiesBoost TargetOutperform ➝ Outperform$21.00 ➝ $26.00N/A
5/7/2023BarclaysBoost Target$20.00 ➝ $21.00N/A
4/19/2023KeyCorpBoost TargetOverweight$15.00 ➝ $21.00N/A
4/18/2023JMP SecuritiesBoost Target$17.00 ➝ $21.00N/A
4/17/2023BarclaysBoost Target$17.00 ➝ $20.00N/A
4/13/2023The Goldman Sachs GroupBoost TargetBuy$14.50 ➝ $20.00N/A
3/27/2023Wolfe ResearchDowngradeOutperform ➝ Peer PerformN/A
2/27/2023BarclaysBoost TargetOverweight$15.00 ➝ $17.00N/A
2/23/2023JMP SecuritiesBoost TargetMarket Perform$14.00 ➝ $17.00N/A
2/23/2023KeyCorpBoost TargetOverweight$14.00 ➝ $15.00N/A
1/29/2023BarclaysBoost TargetOverweight$12.00 ➝ $15.00N/A
1/9/2023The Goldman Sachs GroupLower TargetBuy$16.00 ➝ $14.00N/A
10/5/2022The Goldman Sachs GroupBoost TargetBuy$14.00 ➝ $16.00N/A
9/26/2022BarclaysLower TargetOverweight$16.00 ➝ $12.00N/A
8/4/2022The Goldman Sachs GroupBoost TargetBuy$12.50 ➝ $14.00N/A
8/2/2022KeyCorpLower TargetOverweight$23.00 ➝ $13.00N/A
8/2/2022CitigroupLower TargetBuy$21.00 ➝ $19.00N/A
7/15/2022JMP SecuritiesLower TargetMarket Outperform$22.00 ➝ $14.00N/A
4/8/2022The Goldman Sachs GroupLower TargetBuy$19.00 ➝ $14.00N/A
3/3/2022JMP SecuritiesLower TargetMarket Outperform$40.00 ➝ $22.00N/A
3/3/2022CitigroupLower TargetBuy$24.00 ➝ $23.00N/A
1/26/2022CitigroupLower TargetBuy$47.00 ➝ $24.00N/A
1/14/2022KeyCorpLower TargetOverweight$48.00 ➝ $35.00N/A
1/12/2022JMP SecuritiesLower TargetMarket Outperform$52.00 ➝ $40.00N/A
12/13/2021The Goldman Sachs GroupLower TargetBuy$53.00 ➝ $41.00N/A
11/23/2021CitigroupLower TargetBuy$49.00 ➝ $47.00N/A
10/28/2021Wolfe ResearchUpgradePeer Perform ➝ Outperform$45.00 ➝ $42.00N/A
10/18/2021William BlairInitiated CoverageOutperformN/A
10/18/2021Wolfe ResearchInitiated CoveragePeer Perform$45.00N/A
10/18/2021CitigroupInitiated CoverageBuy$49.00N/A
10/18/2021The Goldman Sachs GroupInitiated CoverageBuy$61.00N/A
10/18/2021BarclaysInitiated CoverageOverweight$48.00N/A
10/18/2021JPMorgan Chase & Co.Initiated CoverageOverweight$57.00N/A
10/18/2021KeyCorpInitiated CoverageOverweight$48.00N/A
10/18/2021JMP SecuritiesInitiated CoverageMarket Outperform$52.00N/A
(Data available from 4/19/2019 forward)

News Sentiment Rating

0.56 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 43 positive mentions
  • 10 negative mentions
  • 2 very negative mentions
Mentions as of
9/22/2023
  • 4 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
10/22/2023
  • 12 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2023
  • 3 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
12/21/2023
  • 3 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/20/2024
  • 4 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/19/2024
  • 10 very positive mentions
  • 17 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/20/2024
  • 3 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/19/2024

Current Sentiment

  • 3 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Remitly Global logo
Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.
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Today's Range

Now: $18.51
Low: $18.32
High: $18.73

50 Day Range

MA: $0.43
Low: $0.43
High: $0.43

52 Week Range

Now: $18.51
Low: $0.23
High: $6.70

Volume

664,908 shs

Average Volume

971,639 shs

Market Capitalization

$3.49 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

0.16

Frequently Asked Questions

What sell-side analysts currently cover shares of Remitly Global?

The following Wall Street sell-side analysts have issued reports on Remitly Global in the last twelve months: Barclays PLC, BMO Capital Markets, Citigroup Inc., JMP Securities, JPMorgan Chase & Co., KeyCorp, Monness Crespi & Hardt, The Goldman Sachs Group, Inc., Wells Fargo & Company, William Blair, and Wolfe Research.
View the latest analyst ratings for RELY.

What is the current price target for Remitly Global?

10 Wall Street analysts have set twelve-month price targets for Remitly Global in the last year. Their average twelve-month price target is $27.60, suggesting a possible upside of 49.1%. JPMorgan Chase & Co. has the highest price target set, predicting RELY will reach $34.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $19.00 for Remitly Global in the next year.
View the latest price targets for RELY.

What is the current consensus analyst rating for Remitly Global?

Remitly Global currently has 1 sell rating, 1 hold rating and 9 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for RELY.

What other companies compete with Remitly Global?

Other companies that are similar to Remitly Global include CBIZ, Concentrix, Envestnet, Western Union and Flywire. Learn More about companies similar to Remitly Global.

How do I contact Remitly Global's investor relations team?

Remitly Global's physical mailing address is 3700 Park East Dr Ste 300, BEACHWOOD, OH 44122-4399, United States. The financial services provider's listed phone number is +1-805-4351255 and its investor relations email address is [email protected]. The official website for Remitly Global is realindustryinc.com. Learn More about contacing Remitly Global investor relations.