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NASDAQ: RELY
Remitly Global Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for RELY

Based on 8 analysts offering 12 month price targets for Remitly Global Inc

Min Forecast
$18.00-14.69%
Avg Forecast
$22.75+7.82%
Max Forecast
$30.00+42.18%

Should I buy or sell RELY stock?

Based on 8 analysts offering ratings for Remitly Global Inc.

Strong Buy
Strong Buy
5 analysts 62.5%
Buy
2 analysts 25%
Hold
1 analysts 12.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%
Our proven Zen Rating quant model "Buy" agrees with analyst consensus "Strong Buy" rating. Learn More

Be the first to know when Wall Street analysts revise their RELY stock forecasts and price targets.

RELY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-11-18
lockedlocked$00.00+00.00%2024-10-31
lockedlocked$00.00+00.00%2024-10-31
lockedlocked$00.00+00.00%2024-10-31
lockedlocked$00.00+00.00%2024-09-18
JP Morgan
Top 11%
90
Strong BuyMaintains$21.00-0.47%2024-08-20
Monness, Crespi, Hardt
Top 30%
71
Strong BuyMaintains$30.00+42.18%2024-08-01
Goldman Sachs
Bottom 8%
8
Strong BuyMaintains$20.00-5.21%2024-07-11

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Forecast return on equity

Is RELY forecast to generate an efficient return?

Company
4.55%
Industry
47.91%
Market
325.1%
RELY's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is RELY forecast to generate an efficient return on assets?

Company
2.96%
Industry
17.34%
RELY is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

RELY earnings per share forecast

What is RELY's earnings per share in the next 3 years based on estimates from 2 analysts?

Avg 1 year Forecast
-$0.24
Avg 2 year Forecast
-$0.04
Avg 3 year Forecast
$0.15

RELY revenue forecast

What is RELY's revenue in the next 3 years based on estimates from 2 analysts?

Avg 1 year Forecast
$1.3B+6.54%
Avg 2 year Forecast
$1.5B+31.18%
Avg 3 year Forecast
$1.9B+58.04%
RELY's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

RELY revenue growth forecast

How is RELY forecast to perform vs Software - Infrastructure companies and vs the US market?

Company
14.86%
Industry
11.34%
Market
7.54%
RELY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
RELY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

RELY vs Software Infrastructure Stocks

TickerPricePrice TargetUp/downsideConsensus
RELY$21.10$22.75+7.82%Strong Buy
CLBT$21.35$20.29-4.98%Strong Buy
PAY$34.61$30.50-11.88%Hold
PAYO$10.95$12.08+10.35%Strong Buy
EEFT$103.39$129.20+24.96%Buy
View Top Software Infrastructure Stocks

Remitly Global Stock Forecast FAQ

Is Remitly Global Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NASDAQ: RELY) stock is to Strong Buy RELY stock.

Out of 8 analysts, 5 (62.5%) are recommending RELY as a Strong Buy, 2 (25%) are recommending RELY as a Buy, 1 (12.5%) are recommending RELY as a Hold, 0 (0%) are recommending RELY as a Sell, and 0 (0%) are recommending RELY as a Strong Sell.

If you're new to stock investing, here's how to buy Remitly Global stock.

What is RELY's earnings growth forecast for 2024-2026?

(NASDAQ: RELY) Remitly Global's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 11.84%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.94%.

Remitly Global's earnings in 2024 is -$66,275,000.On average, 2 Wall Street analysts forecast RELY's earnings for 2024 to be -$46,544,373, with the lowest RELY earnings forecast at -$49,515,290, and the highest RELY earnings forecast at -$43,573,455. On average, 2 Wall Street analysts forecast RELY's earnings for 2025 to be -$7,922,446, with the lowest RELY earnings forecast at -$7,922,446, and the highest RELY earnings forecast at -$7,922,446.

In 2026, RELY is forecast to generate $28,718,868 in earnings, with the lowest earnings forecast at $21,786,728 and the highest earnings forecast at $35,651,009.

What is RELY's revenue growth forecast for 2024-2026?

(NASDAQ: RELY) Remitly Global's forecast annual revenue growth rate of 14.86% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 11.34%, and it is also forecast to beat the US market's average forecast revenue growth rate of 7.54%.

Remitly Global's revenue in 2024 is $1,176,826,000.On average, 2 Wall Street analysts forecast RELY's revenue for 2024 to be $248,328,093,356, with the lowest RELY revenue forecast at $248,051,798,036, and the highest RELY revenue forecast at $248,604,388,676. On average, 2 Wall Street analysts forecast RELY's revenue for 2025 to be $305,750,975,459, with the lowest RELY revenue forecast at $305,319,202,128, and the highest RELY revenue forecast at $306,182,748,790.

In 2026, RELY is forecast to generate $368,375,933,956 in revenue, with the lowest revenue forecast at $366,278,466,261 and the highest revenue forecast at $370,473,401,651.

What is RELY's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: RELY) forecast ROA is 2.96%, which is lower than the forecast US Software - Infrastructure industry average of 17.34%.

What is RELY's Price Target?

According to 8 Wall Street analysts that have issued a 1 year RELY price target, the average RELY price target is $22.75, with the highest RELY stock price forecast at $30.00 and the lowest RELY stock price forecast at $18.00.

On average, Wall Street analysts predict that Remitly Global's share price could reach $22.75 by Nov 18, 2025. The average Remitly Global stock price prediction forecasts a potential upside of 7.82% from the current RELY share price of $21.10.

What is RELY's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: RELY) Remitly Global's current Earnings Per Share (EPS) is -$0.35. On average, analysts forecast that RELY's EPS will be -$0.24 for 2024, with the lowest EPS forecast at -$0.25, and the highest EPS forecast at -$0.22. On average, analysts forecast that RELY's EPS will be -$0.04 for 2025, with the lowest EPS forecast at -$0.04, and the highest EPS forecast at -$0.04. In 2026, RELY's EPS is forecast to hit $0.15 (min: $0.11, max: $0.18).

What is RELY's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: RELY) forecast ROE is 4.55%, which is considered weak.
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