Based on ratings from 5 stock analysts, the Remitly Global, Inc. stock price is expected to increase by 34.93% in 12 months. This is calculated by using the average 12-month stock price forecast for Remitly Global, Inc.. The lowest target is $16.00 and the highest is $32.00. Please note analyst price targets are not guaranteed and could be missed completely.
RELY is a stock in Technology which has been forecasted to be worth $24.80 as an average. On the higher end, the forecast price is $32.00 USD by david scharf from JMP Securities and on the lower end RELY is forecasted to be $16.00 by andrew bauch from Wells Fargo.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
andrew schmitt Citi | Buy | $30.0 | maintained | Jan 24, 2024 |
ramsey el assal Barclays | Buy | $21.0 | maintained | Jan 22, 2024 |
andrew bauch Wells Fargo | Sell | $16.0 | initiatedcoverage | Jan 16, 2024 |
rufus hone BMO Capital | Hold | $25.0 | rated | Dec 8, 2023 |
darrin peller Wolfe Research | Hold | None | downgraded | Dec 1, 2023 |
david scharf JMP Securities | Buy | $32.0 | maintained | Nov 30, 2023 |
alex markgraff KeyBanc | Buy | None | maintained | Nov 2, 2023 |
will nance Goldman Sachs | Buy | $29.0 | reiterated | Nov 1, 2023 |
tien tsin huang J.P. Morgan | Buy | $34.0 | maintained | Aug 22, 2023 |
josh beck KeyBanc | Buy | $21.0 | maintained | Apr 19, 2023 |
jason goldberg Barclays | Buy | $20.0 | rated | Apr 14, 2023 |
raimo lenschow Barclays | Buy | $15.0 | maintained | Jan 29, 2023 |
robert napoli William Blair | Buy | None | reiterated | Nov 3, 2022 |
Remitly Global, Inc. provides digital financial services for immigrants and their families. It primarily offers cross-border remittance services in approximately 170 countries. The company was incorporated in 2011 and is headquartered in Seattle, Washington.
When did it IPO
2021
Staff Count
2,700
Country
United States
Sector/Industry
Technology/Software - Infrastructure
CEO
Mr. Matthew B. Oppenheimer
Market Cap
$3.40B
In 2023, RELY generated $0 in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that RELY's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2019
Revenue From 2020
Revenue From 2021
Revenue From 2022
MQ-USD
$6.52
NCNO-USD
$29.95
NARI-USD
$58.44
ALRM-USD
$69.98
$68.13
BL-USD
$56.72