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

Analyst price target for RELY

Based on 7 analysts offering 12 month price targets for Remitly Global Inc.
Min Forecast
$19.00+2.21%
Avg Forecast
$26.29+41.4%
Max Forecast
$32.00+72.14%

Should I buy or sell RELY stock?

Based on 7 analysts offering ratings for Remitly Global Inc.
Buy
Strong Buy
4 analysts 57.14%
Buy
2 analysts 28.57%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
1 analysts 14.29%

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RELY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-17
lockedlocked$00.00+00.00%2024-03-20
lockedlocked$00.00+00.00%2024-02-22
lockedlocked$00.00+00.00%2024-02-22
lockedlocked$00.00+00.00%2024-01-22
Goldman Sachs
Bottom 1%
1
Strong BuyMaintains$25.00+34.48%2024-01-11
KeyBanc
Top 3%
98
Strong BuyMaintains$30.00+61.38%2023-10-18Find out why

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Forecast return on equity

Is RELY forecast to generate an efficient return?
Company
N/A
Industry
33.34%
Market
20.17%

Forecast return on assets

Is RELY forecast to generate an efficient return on assets?
Company
N/A
Industry
16.88%

RELY revenue forecast

What is RELY's revenue in the next 3 years based on estimates from 2 analysts?
Avg 1 year Forecast
$1.2B+31.86%
Avg 2 year Forecast
$1.6B+65.81%
Avg 3 year Forecast
$1.9B+98.27%
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
28.6%
Industry
10.89%
Market
9.43%
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$18.59$26.29+41.40%Buy
TDC$36.31$50.00+37.70%Hold
ACIW$31.49$37.00+17.50%Strong Buy
BOX$26.25$30.38+15.71%Strong Buy
PAGS$11.67$16.47+41.11%Strong Buy

Remitly Global Stock Forecast FAQ

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

The consensus among 7 Wall Street analysts covering (NASDAQ: RELY) stock is to Buy RELY stock.

Out of 7 analysts, 4 (57.14%) are recommending RELY as a Strong Buy, 2 (28.57%) are recommending RELY as a Buy, 0 (0%) are recommending RELY as a Hold, 0 (0%) are recommending RELY as a Sell, and 1 (14.29%) 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 revenue growth forecast for 2024-2026?

(NASDAQ: RELY) Remitly Global's forecast annual revenue growth rate of 28.6% is forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 10.89%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.43%.

Remitly Global's revenue in 2024 is $944,285,000.On average, 2 Wall Street analysts forecast RELY's revenue for 2024 to be $234,722,871,316, with the lowest RELY revenue forecast at $233,916,069,176, and the highest RELY revenue forecast at $235,529,673,457. On average, 2 Wall Street analysts forecast RELY's revenue for 2025 to be $295,153,859,676, with the lowest RELY revenue forecast at $292,409,224,358, and the highest RELY revenue forecast at $297,898,494,995.

In 2026, RELY is forecast to generate $352,932,580,253 in revenue, with the lowest revenue forecast at $352,932,580,253 and the highest revenue forecast at $352,932,580,253.

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

(NASDAQ: RELY) forecast ROA is N/A, which is lower than the forecast US Software - Infrastructure industry average of 16.88%.

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 $26.29, with the highest RELY stock price forecast at $32.00 and the lowest RELY stock price forecast at $19.00.

On average, Wall Street analysts predict that Remitly Global's share price could reach $26.29 by Apr 17, 2025. The average Remitly Global stock price prediction forecasts a potential upside of 41.4% from the current RELY share price of $18.59.

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

(NASDAQ: RELY) forecast ROE is N/A, which is considered weak.
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