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Remitly Global Analyst Ratings

RELYNASDAQ
Logo brought to you by Benzinga Data
$23.29
-0.71-2.96%
Consensus Rating1
Overweight
Highest Price Target1
$33.00
Lowest Price Target1
$15.00
Consensus Price Target1
$26.45

Remitly Global Analyst Ratings and Price Targets | NASDAQ:RELY | Benzinga

Remitly Global Inc has a consensus price target of $26.45 based on the ratings of 12 analysts. The high is $33 issued by Goldman Sachs on February 20, 2025. The low is $15 issued by Barclays on January 30, 2023. The 3 most-recent analyst ratings were released by Barclays, JP Morgan, and Goldman Sachs on February 24, 2025, February 20, 2025, and February 20, 2025, respectively. With an average price target of $30.67 between Barclays, JP Morgan, and Goldman Sachs, there's an implied 31.67% upside for Remitly Global Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Sep 24
1
1
Oct 24
2
Nov 24
1
Jan
5
1
Feb
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
4.0
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Barclays
JP Morgan
Goldman Sachs
BMO Capital
Wells Fargo

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 Barclays on February 24, 2025. The analyst firm set a price target for $29.00 expecting RELY to rise to within 12 months (a possible 24.52% upside). 28 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 Barclays, and Remitly Global maintained their overweight rating.

Q

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

A

The last upgrade for Remitly Global Inc happened on October 31, 2024 when Wells Fargo raised their price target to $18. Wells Fargo previously had an underweight 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 February 24, 2025 so you should expect the next rating to be made available sometime around February 24, 2026.

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 $28.00 to $29.00. The current price Remitly Global (RELY) is trading at is $23.29, which is out of the analyst’s predicted range.

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