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

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Analyst price target for RELY

Based on 7 analysts offering 12 month price targets for Remitly Global Inc.
Min Forecast
$12.00+26.85%
Avg Forecast
$24.57+159.74%
Max Forecast
$57.00+502.54%

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
3 analysts 37.5%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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RELY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Barclays
Bottom 1%
1
Strong BuyMaintains$12.00+26.85%2022-09-26
Goldman Sachs
Bottom 7%
7
Strong BuyMaintains$14.00+47.99%2022-08-04
KeyBanc
Top 18%
83
Strong BuyMaintains$14.00+47.99%2022-08-04
Citigroup
Bottom 34%
34
Strong BuyMaintains$19.00+100.85%2022-08-02
JMP Securities
Bottom 5%
5
BuyMaintains$14.00+47.99%2022-07-15
Anonymous
Citigroup
Strong BuyMaintains$24.00+153.70%2022-01-26
Wolfe Research
Top 3%
98
BuyUpgrades$42.00+343.97%2021-10-28
William Blair
Bottom 1%
1
BuyInitiates Coverage OnN/AN/A2021-10-18
JP Morgan
Bottom 5%
5
Strong BuyInitiates Coverage On$57.00+502.54%2021-10-18

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Forecast return on equity

Is RELY forecast to generate an efficient return?
Company
-20.5%
Industry
51.32%
Market
108.4%
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
-13.15%
Industry
18.14%
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
-$0.74
Avg 2 year Forecast
-$0.72
Avg 3 year Forecast
-$0.57

RELY revenue forecast

What is RELY's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$628.9M+14.39%
Avg 2 year Forecast
$819.9M+49.13%
Avg 3 year Forecast
$1.1B+98.07%
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
23.56%
Industry
13.13%
Market
8.2%
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$9.46$24.57+159.74%Strong Buy
CSGS$52.44$73.00+39.21%Strong Buy
AVDX$7.30$15.18+107.97%Strong Buy
STER$18.85$28.78+52.67%Buy
MFGP$5.56N/AN/ABuy

Remitly Global Stock Forecast FAQ

Is Remitly Global Stock a good buy in 2022, 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, 3 (37.5%) are recommending RELY as a Buy, 0 (0%) 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 2022-2024?

(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 12.24%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.25%.

Remitly Global's earnings in 2022 is -$91,093,000.On average, 2 Wall Street analysts forecast RELY's earnings for 2022 to be -$124,349,415, with the lowest RELY earnings forecast at -$127,710,210, and the highest RELY earnings forecast at -$119,308,223. On average, 2 Wall Street analysts forecast RELY's earnings for 2023 to be -$120,988,620, with the lowest RELY earnings forecast at -$120,988,620, and the highest RELY earnings forecast at -$120,988,620.

In 2024, RELY is forecast to generate -$95,782,658 in earnings, with the lowest earnings forecast at -$95,782,658 and the highest earnings forecast at -$95,782,658.

What is RELY's revenue growth forecast for 2022-2024?

(NASDAQ: RELY) Remitly Global's forecast annual revenue growth rate of 23.56% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 13.13%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.2%.

Remitly Global's revenue in 2022 is $549,768,000.On average, 3 Wall Street analysts forecast RELY's revenue for 2022 to be $105,676,165,821, with the lowest RELY revenue forecast at $105,545,766,975, and the highest RELY revenue forecast at $105,865,042,500. On average, 3 Wall Street analysts forecast RELY's revenue for 2023 to be $137,771,758,071, with the lowest RELY revenue forecast at $135,776,118,000, and the highest RELY revenue forecast at $138,856,286,618.

In 2024, RELY is forecast to generate $182,978,483,775 in revenue, with the lowest revenue forecast at $182,978,483,775 and the highest revenue forecast at $182,978,483,775.

What is RELY's forecast return on assets (ROA) for 2022-2024?

(NASDAQ: RELY) forecast ROA is -13.15%, which is lower than the forecast US Software - Infrastructure industry average of 18.14%.

What is RELY's Price Target?

According to 7 Wall Street analysts that have issued a 1 year RELY price target, the average RELY price target is $24.57, with the highest RELY stock price forecast at $57.00 and the lowest RELY stock price forecast at $12.00.

On average, Wall Street analysts predict that Remitly Global's share price could reach $24.57 by Sep 26, 2023. The average Remitly Global stock price prediction forecasts a potential upside of 159.74% from the current RELY share price of $9.46.

What is RELY's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: RELY) Remitly Global's current Earnings Per Share (EPS) is -$0.57. On average, analysts forecast that RELY's EPS will be -$0.74 for 2022, with the lowest EPS forecast at -$0.76, and the highest EPS forecast at -$0.71. On average, analysts forecast that RELY's EPS will be -$0.72 for 2023, with the lowest EPS forecast at -$0.72, and the highest EPS forecast at -$0.72. In 2024, RELY's EPS is forecast to hit -$0.57 (min: -$0.57, max: -$0.57).

What is RELY's forecast return on equity (ROE) for 2022-2024?

(NASDAQ: RELY) forecast ROE is -20.5%, which is considered weak.
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