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Remitly Global (RELY) Stock Forecast & Price Target

Remitly Global logo
$17.98
+2.72 (+17.82%)
(As of 10/31/2024 ET)

Remitly Global - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
2
Buy
8

Based on 10 Wall Street analysts who have issued ratings for Remitly Global in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 2 have given a hold rating, and 8 have given a buy rating for RELY.

Consensus Price Target

$21.88
21.66% Upside
According to the 10 analysts' twelve-month price targets for Remitly Global, the average price target is $21.88. The highest price target for RELY is $30.00, while the lowest price target for RELY is $16.00. The average price target represents a forecasted upside of 21.66% from the current price of $17.98.
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RELY Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
2 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$21.88$22.00$24.00$31.00
Forecasted Upside21.66% Upside64.30% Upside78.84% Upside12.36% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Buy

RELY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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RELY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Remitly Global Stock vs. The Competition

TypeRemitly GlobalBusiness Services CompaniesS&P 500
Consensus Rating Score
2.80
2.68
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside21.66% Upside334.29% Upside10.63% Upside
News Sentiment Rating
Positive News

See Recent RELY News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/31/2024JMP Securities
2 of 5 stars
 Boost TargetMarket Outperform ➝ Market Outperform$22.00 ➝ $25.00+43.76%
10/31/2024KeyCorp
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$20.00 ➝ $21.00+20.76%
10/31/2024Wells Fargo & Company
3 of 5 stars
 UpgradeUnderweight ➝ Equal Weight$13.00 ➝ $18.00+17.96%
9/18/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$23.00 ➝ $24.00+68.18%
8/20/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$19.00 ➝ $21.00+44.03%
8/1/2024Monness Crespi & Hardt
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 Boost TargetBuy ➝ Buy$29.00 ➝ $30.00+127.10%
7/11/2024The Goldman Sachs Group
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 Lower TargetBuy ➝ Buy$23.00 ➝ $20.00+59.74%
6/17/2024Barclays
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 Lower TargetOverweight ➝ Overweight$20.00 ➝ $16.00+29.87%
2/22/2024William Blair
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 Reiterated RatingOutperform
12/1/2023Wolfe Research
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 Reiterated RatingOutperform ➝ Peer Perform
9/12/2023Citigroup
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 Boost TargetBuy ➝ Buy$25.00 ➝ $30.00+18.48%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:27 PM ET.


RELY Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Remitly Global is $21.88, with a high forecast of $30.00 and a low forecast of $16.00.

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Remitly Global in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RELY shares.

According to analysts, Remitly Global's stock has a predicted upside of 21.66% based on their 12-month stock forecasts.

Over the previous 90 days, Remitly Global's stock had 1 upgrade by analysts.

Remitly Global has been rated by research analysts at BMO Capital Markets, JMP Securities, JPMorgan Chase & Co., KeyCorp, and Wells Fargo & Company in the past 90 days.

Analysts like Remitly Global more than other "business services" companies. The consensus rating score for Remitly Global is 2.80 while the average consensus rating score for "business services" companies is 2.68. Learn more on how RELY compares to other companies.


This page (NASDAQ:RELY) was last updated on 10/31/2024 by MarketBeat.com Staff
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