$22.89
0.37% today
NYSE, Dec 30, 09:49 pm CET
ISIN
US75960P1049
Symbol
RELY
Sector
Industry

Remitly Global Target price 2024 - Analyst rating & recommendation

Remitly Global Classifications & Recommendation:

Buy
75%
Hold
17%
Sell
8%

Remitly Global Price Target

Target Price $23.00
Price $22.80
Potential
Number of Estimates 10
10 Analysts have issued a price target Remitly Global 2025 . The average Remitly Global target price is $23.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 12 analysts: 9 Analysts recommend Remitly Global to buy, 2 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Remitly Global stock has an average upside potential 2025 of . Most analysts recommend the Remitly Global stock at Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 0.94 1.25
44.48% 32.84%
EBITDA Margin -10.07% 8.96%
40.01% 188.97%
Net Margin -13.63% -4.16%
33.84% 69.48%

10 Analysts have issued a sales forecast Remitly Global 2024 . The average Remitly Global sales estimate is

$1.3b
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. This is
6.59% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$1.3b 6.93%
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, the lowest is
$1.3b 6.42%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $944m 44.48%
2024
$1.3b 32.84%
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2025
$1.6b 24.17%
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2026
$1.9b 20.54%
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2027
$2.1b 12.89%
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2028
$2.4b 13.36%
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10 Analysts have issued an Remitly Global EBITDA forecast 2024. The average Remitly Global EBITDA estimate is

$112m
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. This is
334.24% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$117m 344.75%
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, the lowest is
$110m 329.26%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $-95.1m 13.32%
2024
$112m 218.18%
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2025
$175m 56.09%
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2026
$252m 43.90%
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2027
$353m 39.64%
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2028
$467m 32.48%
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EBITDA Margin

2023 -10.07% 40.01%
2024
8.96% 188.97%
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2025
11.26% 25.67%
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2026
13.45% 19.45%
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2027
16.63% 23.64%
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2028
19.44% 16.90%
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8 Remitly Global Analysts have issued a net profit forecast 2024. The average Remitly Global net profit estimate is

$-52.2m
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. This is
24.64% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$-43.6m 37.14%
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, the lowest is
$-61.4m 11.43%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $-129m 4.41%
2024
$-52.2m 59.42%
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2025
$-7.4m 85.77%
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2026
$45.2m 708.61%
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2027
$139m 206.55%
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2028
$238m 71.43%
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Net Margin

2023 -13.63% 33.84%
2024
-4.16% 69.48%
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2025
-0.48% 88.46%
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2026
2.41% 602.08%
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2027
6.54% 171.37%
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2028
9.89% 51.22%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ -0.65 -0.26
4.41% 60.00%
P/E negative
EV/Sales 3.35

8 Analysts have issued a Remitly Global forecast for earnings per share. The average Remitly Global <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$-0.26
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. This is
25.71% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$-0.22 37.14%
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, the lowest is
$-0.31 11.43%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $-0.65 4.41%
2024
$-0.26 60.00%
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2025
$-0.04 84.62%
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2026
$0.23 675.00%
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2027
$0.70 204.35%
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2028
$1.20 71.43%
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P/E ratio

Current -64.75 96.81%
2024
-86.45 33.51%
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2025
-608.00 603.30%
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2026
99.85 116.42%
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2027
32.57 67.38%
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2028
19.00 41.66%
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Based on analysts' sales estimates for 2024, the Remitly Global stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.57 5.56%
2024
3.35 6.12%
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2025
2.70 19.47%
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2026
2.24 17.04%
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2027
1.98 11.42%
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2028
1.75 11.78%
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P/S ratio

Current 3.84 4.68%
2024
3.60 6.18%
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2025
2.90 19.47%
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2026
2.41 17.04%
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2027
2.13 11.42%
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2028
1.88 11.79%
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