12 Month Price Forecast For RELY
Distance to RELY Price Forecasts
RELY Price Momentum
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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
RELY Price Target Range
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 |
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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
Growth & Margins
Financial Health
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Remitly Global, Inc. (RELY) Company Overview
About Remitly Global, Inc.
Offers digital financial services for immigrants.
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.
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
Website
www.remitly.com/us/enRemitly Global, Inc. (RELY) Latest News & Analysis
Remitly to Report Fourth Quarter and Full Year 2024 Financial Results on February 19, 2025
5 days agoRemitly 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.
Remitly's upcoming financial report could impact stock performance, affecting investor sentiment and market valuation based on results and management guidance.
Investors saw gains from hypergrowth stocks in 2024. As 2025 approaches, market prospects for these companies remain uncertain.
Shifts in market sentiment towards hypergrowth stocks can impact valuations and investment strategies, influencing potential returns and risk for investors as 2025 approaches.
Remitly Global anticipates consistent profitability in the future, indicating positive financial outlook for investors.
Consistent profitability from Remitly Global signals financial stability, potential for growth, and may attract more investment, positively impacting stock performance and market perception.
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.
Remitly's strong A Accumulation/Distribution Rating and favorable volume ratio indicate positive investor sentiment and demand, suggesting potential for stock price appreciation.
Keefe, Bruyette & Woods, a subsidiary of Stifel Financial Corp. (NYSE: SF), announced an upcoming index rebalancing for Q4 2024.
Index rebalancing can affect stock prices and market liquidity, potentially impacting investment strategies and portfolio performance in the financial services and fintech sectors.
The Smartest Growth Stock to Buy With $25 Right Now
2 months agoIn 2024, growth stocks have rebounded significantly, with some individual stocks rising by 100% to 200% or more.
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.
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.