RELY Logo

Remitly Global, Inc. (RELY) Stock Forecast & Price Prediction

Live RELY Stock Price & Analysis

Home โ€บ Stocks โ€บ United States | NASDAQ | Technology | Software - Infrastructure

$25.40

-0.12 (-0.47%)

12 Month Price Forecast For RELY

$25.40
Current Price
$5.05B
Market Cap
11 Ratings
Buy 9
Hold 2
Sell 0
Wall St Analyst Ratings

Distance to RELY Price Forecasts

+18.1%
To High Target of $30.00
+10.2%
To Median Target of $28.00
-17.3%
To Low Target of $21.00

RELY Price Momentum

+6.5%
1 Week Change
+12.9%
1 Month Change
+39.5%
1 Year Change
+12.5%
Year-to-Date Change
-1.3%
From 52W High of $25.74
+119.0%
From 52W Low of $11.60

๐Ÿค” Considering Remitly (RELY)?

Join 5,000+ investors getting our exclusive market analysis every Monday & Thursday. Stay ahead of breakout opportunities.

Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 10, 2025 9:08 AM UTC

RELY Analyst Ratings & Price Targets

Based on our analysis of 13 Wall Street analysts, RELY has a consensus that is bullish. The median price target is $28.00, with forecasts ranging from $21.00 to $30.00. Currently, there are 9 Buy ratings, 2 Hold ratings, and 0 Sell ratings.

With RELY currently trading at $25.40, the median price forecast suggests a 10.2% upside. The most optimistic forecast comes from Gus Gala at Monness, Crespi, Hardt, projecting a 18.1% upside, while Andrew Bauch at Wells Fargo provides the most conservative target, suggesting a -17.3% downside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

RELY Analyst Consensus

9
Buy
2
Hold
0
Sell

RELY Price Target Range

Low
$21.00
Average
$28.00
High
$30.00
Current: $25.40

Latest RELY Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for RELY.

Date Firm Analyst Rating Change Price Target
Feb 3, 2025 Barclays Ramsey El-Assal Overweight Maintains $28.00
Jan 16, 2025 Wells Fargo Andrew Bauch Equal-Weight Maintains $21.00
Nov 18, 2024 Barclays Ramsey El-Assal Overweight Maintains $23.00
Nov 4, 2024 Barclays Ramsey El-Assal Overweight Maintains $20.00
Oct 31, 2024 Wells Fargo Andrew Bauch Equal-Weight Upgrade $18.00
Oct 31, 2024 Keybanc Josh Beck Overweight Maintains $21.00
Oct 31, 2024 JMP Securities David Scharf Market Outperform Maintains $25.00
Sep 18, 2024 BMO Capital Rufus Hone Outperform Maintains $24.00
Aug 20, 2024 JP Morgan Tien-Tsin Huang Overweight Maintains $21.00
Aug 1, 2024 Monness, Crespi, Hardt Gus Gala Buy Maintains $30.00
Jul 31, 2024 Wells Fargo Andrew Bauch Underweight Maintains $13.00
Jul 29, 2024 JMP Securities David Scharf Market Outperform Reiterates $22.00
Jul 11, 2024 Goldman Sachs Will Nance Buy Maintains $20.00
Jun 17, 2024 BMO Capital Rufus Hone Outperform Maintains $23.00
Jun 17, 2024 Barclays Ramsey El-Assal Overweight Maintains $16.00
Jun 11, 2024 JMP Securities David Scharf Market Outperform Maintains $22.00
May 6, 2024 Barclays Ramsey El-Assal Overweight Maintains $20.00
May 2, 2024 JP Morgan Tien-Tsin Huang Overweight Maintains $28.00
May 2, 2024 Wells Fargo Andrew Bauch Underweight Maintains $15.00
May 2, 2024 BMO Capital Rufus Hone Outperform Maintains $24.00

Stocks Similar to Remitly Global, Inc.

The following stocks are similar to Remitly based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Remitly Global, Inc. (RELY) Financial Data

Remitly Global, Inc. has a market capitalization of $5.05B with a P/E ratio of -39.1x. The company generates $1.18B in trailing twelve-month revenue with a -5.6% profit margin.

Revenue growth is +39.3% quarter-over-quarter, while maintaining an operating margin of +0.1% and return on equity of -11.5%.

Valuation Metrics

Market Cap $5.05B
Enterprise Value $4.72B
P/E Ratio -39.1x
PEG Ratio -635.0x
Price/Sales 4.3x

Growth & Margins

Revenue Growth (YoY) +39.3%
Gross Margin +59.2%
Operating Margin +0.1%
Net Margin -5.6%
EPS Growth +39.3%

Financial Health

Cash/Price Ratio +6.4%
Current Ratio 2.7x
Debt/Equity 2.2x
ROE -11.5%
ROA -4.5%

๐Ÿ”ฅ Want More High-Potential Stock Ideas?

Join 5,000+ investors getting our research on stocks with massive upside potential.

Remitly Global, Inc. logo

Remitly Global, Inc. (RELY) Company Overview

About Remitly Global, Inc.

What They Do

Offers digital financial services for immigrants.

Business Model

The company primarily generates revenue by providing cross-border remittance services through its mobile application and website, catering to immigrants and their families. By facilitating international money transfers, it capitalizes on transaction fees and exchange rate spreads.

Additional Information

Founded in 2011 and headquartered in Seattle, Washington, Remitly Global, Inc. serves customers in the United States, Canada, and internationally, indicating a broad market presence and potential for growth in the digital remittance space.

Company Information

Sector

Technology

Industry

Software - Infrastructure

Employees

2,700

CEO

Mr. Matthew B. Oppenheimer

Country

United States

IPO Year

2021

Remitly Global, Inc. (RELY) Latest News & Analysis

RELY stock latest news image
Quick Summary

Remitly Global, Inc. (NASDAQ: RELY) will report Q4 and full year 2024 results on February 19, 2025, after market close, followed by a conference call at 2 PM PT.

Why It Matters

Remitly's upcoming financial report could impact stock performance, affecting investor sentiment and market valuation based on results and management guidance.

Source: GlobeNewsWire
Market Sentiment: Neutral
RELY stock latest news image
Quick Summary

Investors saw gains from hypergrowth stocks in 2024. As 2025 approaches, market prospects for these companies remain uncertain.

Why It Matters

Shifts in market sentiment towards hypergrowth stocks can impact valuations and investment strategies, influencing potential returns and risk for investors as 2025 approaches.

Source: The Motley Fool
Market Sentiment: Positive
RELY stock latest news image
Quick Summary

Remitly Global anticipates consistent profitability in the future, indicating positive financial outlook for investors.

Why It Matters

Consistent profitability from Remitly Global signals financial stability, potential for growth, and may attract more investment, positively impacting stock performance and market perception.

Source: Seeking Alpha
Market Sentiment: Positive
RELY stock latest news image
Quick Summary

Remitly has an A Accumulation/Distribution Rating and a 1.7 up/down volume ratio, indicating strong investor interest, according to Investor's Business Daily.

Why It Matters

Remitly's strong A Accumulation/Distribution Rating and favorable volume ratio indicate positive investor sentiment and demand, suggesting potential for stock price appreciation.

Source: Investors Business Daily
Market Sentiment: Neutral
RELY stock latest news image
Quick Summary

Keefe, Bruyette & Woods, a subsidiary of Stifel Financial Corp. (NYSE: SF), announced an upcoming index rebalancing for Q4 2024.

Why It Matters

Index rebalancing can affect stock prices and market liquidity, potentially impacting investment strategies and portfolio performance in the financial services and fintech sectors.

Source: GlobeNewsWire
Market Sentiment: Neutral
RELY stock latest news image
Quick Summary

In 2024, growth stocks have rebounded significantly, with some individual stocks rising by 100% to 200% or more.

Why It Matters

The resurgence of growth stocks indicates a potential market shift, offering high returns for investors who can identify and capitalize on these rapidly appreciating assets.

Source: The Motley Fool
Market Sentiment: Positive

Frequently Asked Questions About RELY Stock

What is Remitly Global, Inc.'s (RELY) stock forecast for 2025?

Based on our analysis of 13 Wall Street analysts, Remitly Global, Inc. (RELY) has a median price target of $28.00. The highest price target is $30.00 and the lowest is $21.00.

Is RELY stock a good investment in 2025?

According to current analyst ratings, RELY has 9 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $25.40. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for RELY stock?

Wall Street analysts predict RELY stock could reach $28.00 in the next 12 months. This represents a 10.2% increase from the current price of $25.40. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Remitly Global, Inc.'s business model?

The company primarily generates revenue by providing cross-border remittance services through its mobile application and website, catering to immigrants and their families. By facilitating international money transfers, it capitalizes on transaction fees and exchange rate spreads.

What is the highest forecasted price for RELY Remitly Global, Inc.?

The highest price target for RELY is $30.00 from Gus Gala at Monness, Crespi, Hardt, which represents a 18.1% increase from the current price of $25.40.

What is the lowest forecasted price for RELY Remitly Global, Inc.?

The lowest price target for RELY is $21.00 from Andrew Bauch at Wells Fargo, which represents a -17.3% decrease from the current price of $25.40.

What is the overall RELY consensus from analysts for Remitly Global, Inc.?

The overall analyst consensus for RELY is bullish. Out of 13 Wall Street analysts, 9 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $28.00.

How accurate are RELY stock price projections?

Stock price projections, including those for Remitly Global, Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.