Remitly Global Inc (RELY) Stock Forecast & Price Target
Remitly Global Inc · NASDAQ
$23.34+0.68 (+2.98%)
15-min delayed · Jul 28, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 7 firms covering Remitly Global Inc, 7 rate it Buy or better, 0 sit at Hold, and 0 rate it Sell or worse, a strong buy consensus. Targets are tightly clustered, $28.00 to $30.00, so the covering firms are broadly aligned. The average target of $29.33 sits 26% above the current $23.34. The rating mix has stayed broadly stable, with Buy-side ratings easing from 8 to 7 over recent months. On the fundamentals, the Street sees consensus EPS building from about $0.30 next quarter toward $1.65 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS7 ratings
Strong Buy
Strong Buy00%
Buy7100%
Hold00%
Sell00%
Strong Sell00%
Based on 7 analysts giving stock ratings to Remitly Global Inc.
As of Jul, 7 of 7 firms rate RELY a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
RELY EPS & revenue forecast
EPS · NEXT QUARTER
$0.30
Range $0.28 – $0.32 · 3 analysts · +65% YoY
Next period, 3 analysts expect Remitly Global Inc to earn $0.30 a share (range $0.28 – $0.32), versus $0.18 a year earlier. Full-year consensus is $1.38, growing to $1.65 the year after.
REVENUE · NEXT QUARTER
$504.5M
Range $501.8M – $508.7M · 3 analysts · +20% YoY
Revenue is expected to reach $504.5M (range $501.8M – $508.7M), +20.3% year-over-year. Full-year consensus is $2.0B, rising to $2.3B next year.
Top analysts covering Remitly Global Inc
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on RELY.
#1
David Scharf
JMP Securities · Rank #125
Buy
$26.00+11.4% to target
Overall win rate
46%
+ Follow
#2
Ramsey El Assal
Cantor Fitzgerald
Buy
$28.00+20.0% to target
Coverage
—
+ Follow
#3
DM
David M. Scharf
Citizens
Buy
$30.00+28.6% to target
Coverage
—
+ Follow
#4
Will Nance
Goldman Sachs
Buy
$30.00+28.6% to target
Coverage
—
+ Follow
#5
Darrin Peller
Wolfe Research
Buy
$28.00+20.0% to target
Coverage
—
+ Follow
RELY stock forecast FAQ
What is RELY's average 12-month price target?+
The 3 analysts with a live target average $29.33 for Remitly Global Inc over the next 12 months, ranging from a $30.00 high to a $28.00 low.
Is RELY stock a Buy, Sell or Hold right now?+
The current consensus is Strong Buy. Of the 7 analyst ratings, 7 are Buy or Strong Buy, 0 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for RELY?+
The Street-high target is $30.00 (Citizens), and the Street-low is $28.00 (Cantor Fitzgerald). The average of all 3 active targets is $29.33.
How many Wall Street analysts cover RELY?+
7 analysts have an active rating on Remitly Global Inc, and 3 firms carry a live 12-month price target.
Who is the most accurate analyst covering RELY?+
Among analysts who currently cover RELY, David Scharf of JMP Securities has the strongest overall Quantellect track record (Rank #125). Their current call is Buy with a $26.00 target.
What is Remitly Global Inc's projected EPS for next quarter?+
The consensus estimate is $0.30 per share (range $0.28 – $0.32) across 3 analysts. Full-year EPS is projected at $1.38, rising to $1.65 the following year.
How much revenue is Remitly Global Inc expected to report next quarter?+
Consensus revenue is $504.5M (range $501.8M – $508.7M). Full-year revenue is projected at $2.0B, growing to $2.3B next year.
Have analysts been upgrading or downgrading RELY lately?+
As of Jul, 7 of 7 firms rate RELY a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their RELY calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
