5 Analysts Have This To Say About Remitly Global

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on Remitly Global RELY in the last three months.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $25.8, with a high estimate of $32.00 and a low estimate of $19.00. This current average reflects an increase of 19.06% from the previous average price target of $21.67.

Analyzing Analyst Ratings: A Detailed Breakdown

A comprehensive examination of how financial experts perceive Remitly Global is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Remitly Global. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Remitly Global compared to the broader market.
• Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Remitly Global's stock. This examination reveals shifts in analysts' expectations over time.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Remitly Global's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Remitly Global analyst ratings.

All You Need to Know About Remitly Global

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.

Understanding the Numbers: Remitly Global's Finances

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Revenue Growth: Remitly Global displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 38.59%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -13.23%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): Remitly Global's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -6.64%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Remitly Global's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -3.75%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Remitly Global's debt-to-equity ratio is below the industry average at 0.27, reflecting a lower dependency on debt financing and a more conservative financial approach.

Understanding the Relevance of Analyst Ratings

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.