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Remitly Global

RELYNASDAQ
Logo brought to you by Benzinga Data
$14.22
-0.05-0.35%
At Close: -
$14.22
00.00%
After Hours: 4:00 PM EDT
15 minutes delayed
Consensus Rating1
Overweight
Highest Price Target1
$30.00
Lowest Price Target1
$13.00
Consensus Price Target1
$22.00

Remitly Global (NASDAQ:RELY) Stock, Analyst Ratings, Price Targets, Forecasts

Remitly Global Inc has a consensus price target of $22 based on the ratings of 13 analysts. The high is $30 issued by Monness, Crespi, Hardt on August 1, 2024. The low is $13 issued by Wells Fargo on July 31, 2024. The 3 most-recent analyst ratings were released by BMO Capital, JP Morgan, and Monness, Crespi, Hardt on September 18, 2024, August 20, 2024, and August 1, 2024, respectively. With an average price target of $25 between BMO Capital, JP Morgan, and Monness, Crespi, Hardt, there's an implied 75.81% upside for Remitly Global Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
3
2
May
2
Jun
1
Jul
1
Aug
1
Sep
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
4.3
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

BMO Capital
JP Morgan
Monness, Crespi, Hardt
Wells Fargo
JMP Securities

1calculated from analyst ratings

Analyst Ratings for Remitly Global

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Remitly Global (RELY) stock?

A

The latest price target for Remitly Global (NASDAQ:RELY) was reported by BMO Capital on September 18, 2024. The analyst firm set a price target for $24.00 expecting RELY to rise to within 12 months (a possible 68.78% upside). 27 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Remitly Global (RELY)?

A

The latest analyst rating for Remitly Global (NASDAQ:RELY) was provided by BMO Capital, and Remitly Global maintained their outperform rating.

Q

When was the last upgrade for Remitly Global (RELY)?

A

The last upgrade for Remitly Global Inc happened on February 22, 2024 when BMO Capital raised their price target to $28. BMO Capital previously had a market perform for Remitly Global Inc.

Q

When was the last downgrade for Remitly Global (RELY)?

A

The last downgrade for Remitly Global Inc happened on December 1, 2023 when Wolfe Research changed their price target from N/A to N/A for Remitly Global Inc.

Q

When is the next analyst rating going to be posted or updated for Remitly Global (RELY)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Remitly Global, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Remitly Global was filed on September 18, 2024 so you should expect the next rating to be made available sometime around September 18, 2025.

Q

Is the Analyst Rating Remitly Global (RELY) correct?

A

While ratings are subjective and will change, the latest Remitly Global (RELY) rating was a maintained with a price target of $23.00 to $24.00. The current price Remitly Global (RELY) is trading at is $14.22, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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