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Remitly Global (RELY) Stock Forecast & Price Target

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RELY Analyst Ratings Over Time

TypeCurrent Forecast
9/28/23 to 9/27/24
1 Month Ago
8/29/23 to 8/28/24
3 Months Ago
6/30/23 to 6/29/24
1 Year Ago
9/28/22 to 9/28/23
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)
9 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$22.00$22.78$24.80$29.00
Forecasted Upside59.42% Upside69.86% Upside104.62% Upside14.26% 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
2.70
2.65
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside59.42% Upside287.88% Upside6.56% Upside
News Sentiment Rating
Neutral News

See Recent RELY News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/18/2024BMO Capital Markets
4 of 5 stars
 Boost TargetOutperform ➝ Outperform$23.00 ➝ $24.00+68.18%
8/20/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$19.00 ➝ $21.00+44.03%
8/1/2024Monness Crespi & Hardt
4 of 5 stars
 Boost TargetBuy ➝ Buy$29.00 ➝ $30.00+127.10%
7/31/2024Wells Fargo & Company
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 Lower TargetUnderweight ➝ Underweight$15.00 ➝ $13.00-3.99%
7/29/2024JMP Securities
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 Reiterated RatingMarket Outperform ➝ Market Outperform$22.00 ➝ $22.00+58.05%
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
10/18/2023KeyCorp
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 Boost TargetOverweight ➝ Overweight$25.00 ➝ $30.00+10.54%
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 Friday at 03:29 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 $22.00, with a high forecast of $30.00 and a low forecast of $13.00.

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Remitly Global in the last twelve months. There is currently 1 sell rating, 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" RELY shares.

According to analysts, Remitly Global's stock has a predicted upside of 59.42% based on their 12-month stock forecasts.

Remitly Global has been rated by research analysts at BMO Capital Markets, JMP Securities, JPMorgan Chase & Co., Monness Crespi & Hardt, The Goldman Sachs Group, 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 2.70 while the average consensus rating score for "business services" companies is 2.65. Learn more on how RELY compares to other companies.


This page (NYSE:RELY) was last updated on 9/27/2024 by MarketBeat.com Staff
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