Remitly Global

RELY · NASDAQ

$24.51+$0.15 (+0.62%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $24.36

RELY analyst rating

BuyConsensus of 7 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy7
Hold0
Underperform0
Sell0

12-month price target · 12 analysts

Average $32.00 (+30.6% upside)

Low: $26.60
Now: $24.51
High: $37.80

Upgrades and downgrades

The latest rating actions, newest first

RELY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wolfe Research	Aug 25, 2026	Maintains	Outperform	$31.00 → $32.00	59%
Cantor Fitzgerald	Aug 10, 2026	Maintains	Overweight	$28.00 → $30.00	49%
Keybanc	Aug 6, 2026	Maintains	Overweight	$28.00 → $33.00	50%
Citizens	Aug 6, 2026	Maintains	Market Outperform	$30.00 → $32.00	59%
Citizens	Jul 16, 2026	Maintains	Market Outperform	$26.00 → $30.00	56%
Goldman Sachs	Jul 9, 2026	Maintains	Buy	$27.00 → $30.00	52%
Cantor Fitzgerald	May 11, 2026	Maintains	Overweight	$24.00 → $28.00	49%
Citizens	May 7, 2026	Maintains	Market Outperform	$22.00 → $26.00	59%
Keybanc	Apr 21, 2026	Maintains	Overweight	$21.00 → $23.00	50%
Cantor Fitzgerald	Apr 21, 2026	Maintains	Overweight	$20.00 → $24.00	49%

The case for and against

Updated Oct 17, 2026

Bull case

Remitly Global is benefiting from a secular shift to digital remittances, with management’s targeted initiatives, broader product set, and localized go-to-market engine driving share gains across a large global market. Its 2Q results showed 20% revenue growth, 27% volume growth, QAU reaching 10.2M, and fraud losses improving to 10 basis points, while EBITDA margins are already rivaling mature players despite continued investment. The business also has rising visibility from repeat customers and expanding monetization through high-value senders, business accounts, card-based products, and AI-driven efficiency, supporting strong cash generation and a more durable long-term growth profile.

Bear case

Remitly Global is viewed cautiously because its long-term growth plan still depends heavily on the core remittance business, with the four Growth Accelerators expected to contribute just 5% of 2026 revenue and only 10% by 2028, suggesting limited near-term diversification. The company also faces persistent fundamental risks from intense competition, FX volatility, regulatory constraints, and concentration in the Philippines, India, and Mexico, all of which can pressure growth and margins. Although revenue rose 20% year over year to $495M and adjusted EBITDA reached $114.7M, customer retention, pricing discipline, and product execution remain key concerns, especially with cohort revenue retention below 100%.

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