Remitly Global, Inc. (RELY) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 13 analysts11.4% Below Target
RELY trades 11.4% below Wall Street's consensus target of $23.50.
Current Price$21.10
Average Target$23.50
Target
Current
Low$20.00
Median$23.50
High$27.00
Analyst Target Range
Forward P/E32.9x
(Growth Premium)
PEG Ratio—
Implied Growth+31.7%
(High Growth)
Analyst Spread29.8%
(High Agreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes RELY achieves its forward estimates and maintains a stable P/E multiple of 32.9x. This scenario reflects the blended consensus of 13 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
RELY Price Target Analysis
Updated June 20, 2026As of June 20, 2026, Remitly Global, Inc. (RELY) has a Wall Street consensus price target of $23.50, based on estimates from 13 covering analysts. With the stock currently trading at $21.10, this represents a potential upside of +11.4%. The company has a market capitalization of $4.44B.
Analyst price targets range from a low of $20.00 to a high of $27.00, representing a 30% spread in expectations. The median target of $23.50 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, RELY trades at a trailing P/E of 68.1x and forward P/E of 32.9x. Analysts expect EPS to grow +31.7% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $14.20, with bear and bull scenarios of $8.95 and $18.71 respectively. Model confidence stands at 50/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+35.8%
Industry Consensus
Avg Forward P/E
13.2x
(Value)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WUThe Western Union Company | $2.2B | $7.13 | $9.00 | +26.3% | Hold | 4.1x | 48 |
 IMXIInternational Money Express, Inc. | $431M | $14.32 | $27.00 | +88.5% | Buy | 11.1x | 12 |
 FLYWFlywire Corporation | $1.9B | $15.85 | $18.67 | +17.8% | Buy | 35.3x | 19 |
 PYPLPayPal Holdings, Inc. | $37.5B | $42.51 | $50.45 | +18.7% | Hold | 8.0x | 70 |
 VVisa Inc. | $627.8B | $327.24 | $368.91 | +12.7% | Buy | 24.9x | 61 |
 MAMastercard Incorporated | $433.6B | $489.79 | $660.43 | +34.8% | Buy | 24.9x | 64 |
 GPNGlobal Payments Inc. | $15.8B | $66.88 | $87.50 | +30.8% | Buy | 4.8x | 62 |
 FISFidelity National Information Services, Inc. | $19.7B | $38.21 | $62.88 | +64.6% | Buy | 6.1x | 37 |
 FISVFiserv, Inc. | $25.6B | $47.86 | $71.15 | +48.7% | Buy | 5.9x | 60 |
 EVTCEVERTEC, Inc. | $1.6B | $25.72 | $29.50 | +14.7% | Buy | 6.6x | 18 |
RELY — Frequently Asked Questions
Quick answers to the most common questions about buying RELY stock.
What is the RELY stock price target for 2026?
Remitly Global, Inc. (RELY) has a consensus 12-month price target of $23.5, implying 11.4% upside from $21.1. The 13 analysts covering RELY see moderate appreciation potential.
Is RELY a buy, sell, or hold?
RELY has a consensus rating of "Buy" based on 13 Wall Street analysts. The rating breakdown is predominantly bullish, with 12 Buy/Strong Buy ratings. The consensus 12-month price target of $23.5 implies 11.4% upside from current levels.
Is RELY stock overvalued or undervalued?
RELY trades at a forward P/E of 32.9225x, representing a moderate valuation. With analysts targeting $23.5 (11.4% implied move), the stock appears reasonably valued with upside.
How high can RELY stock go?
The most bullish Wall Street analyst has a price target of $27 for RELY, while the most conservative target is $20. The consensus of $23.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $19 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover RELY stock?
RELY is moderately covered, with 13 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 1 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the RELY stock forecast?
The 12-month RELY stock forecast based on 13 Wall Street analysts shows a consensus price target of $23.5, with estimates ranging from $20 (bear case) to $27 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $14, with bear/bull scenarios of $9/$19.
What is RELY's fair value based on fundamentals?
Our quantitative valuation model calculates RELY's fair value at $14 (base case), with a bear case of $9 and bull case of $19. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 50/100.
What is RELY's forward P/E ratio?
RELY trades at a forward P/E ratio of 32.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 68.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy RELY stock?
Wall Street analysts are optimistic on RELY, with a "Buy" consensus rating and $23.5 price target (11.4% upside). 12 of 13 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do RELY price targets vary so much?
RELY analyst price targets range from $20 to $27, a 30% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $23.5 consensus represents the middle ground. Our model's $9-$19 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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