Remitly Global, Inc. (RELY) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$23.73
Price Target
$21.00
Target Range
$17.00 — $24.00
Analyst Rating
Buy
Forward P/E45.9x
Trailing P/E76.5x
Forward PEG—
Implied Growth+435.5%
Median Target$21.50
Analyst Spread33.3%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$17
-28.4%
Consensus
$21
-11.5%
Bull Case
$24
+1.1%
RELY Price Target Analysis
Updated May 7, 2026As of May 7, 2026, Remitly Global, Inc. (RELY) has a Wall Street consensus price target of $21.00, based on estimates from 13 covering analysts. With the stock currently trading at $23.73, this represents a potential downside of -11.5%. The company has a market capitalization of $5.00B.
Analyst price targets range from a low of $17.00 to a high of $24.00, representing a 33% spread in expectations. The median target of $21.50 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 76.5x and forward P/E of 45.9x. Analysts expect EPS to grow +435.5% over the next year.
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+26.7%
Avg Forward P/E14.9x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WUThe Western Union Company | $2.8B | $8.98 | $9.00 | +0.2% | Hold | 5.1x | 48 |
 IMXIInternational Money Express, Inc. | $477M | $15.85 | $27.00 | +70.3% | Buy | 10.4x | 12 |
 FLYWFlywire Corporation | $2.1B | $17.51 | $17.50 | -0.1% | Buy | 48.9x | 19 |
 PYPLPayPal Holdings, Inc. | $42.6B | $46.26 | $51.67 | +11.7% | Hold | 8.7x | 70 |
 VVisa Inc. | $611.6B | $318.80 | $362.45 | +13.7% | Buy | 24.4x | 61 |
 MAMastercard Incorporated | $435.4B | $491.89 | $656.87 | +33.5% | Buy | 25.1x | 64 |
 GPNGlobal Payments Inc. | $16.5B | $69.61 | $88.44 | +27.0% | Buy | 5.1x | 62 |
 FISFidelity National Information Services, Inc. | $23.8B | $45.97 | $67.38 | +46.6% | Buy | 7.3x | 37 |
 FISVFiserv, Inc. | $30.0B | $56.11 | $74.64 | +33.0% | Buy | 6.9x | 60 |
 EVTCEVERTEC, Inc. | $1.7B | $28.16 | $37.00 | +31.4% | Buy | 7.2x | 18 |
Upside Potential Comparison
IMXIFISMAFISVEVTCGPNVPYPLSee RELY's True Return
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Start ComparisonRELY — Frequently Asked Questions
Quick answers to the most common questions about buying RELY stock.
What is the RELY stock price target for 2026?
RELY's consensus price target is $21, -11.5% below the current price of $23.73. The 13 analysts tracking RELY see downside risk at present valuations.
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 $21 implies -11.5% downside from current levels.
Is RELY stock overvalued or undervalued?
At a forward P/E of 45.8728x, RELY trades at a premium valuation. The consensus price target of $21 (-11.5% downside) suggests analysts may view current valuations as stretched.
How high can RELY stock go?
The most bullish Wall Street analyst has a price target of $24 for RELY, while the most conservative target is $17. The consensus of $21 represents the median expectation. 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 $21, with estimates ranging from $17 (bear case) to $24 (bull case). The median consensus rating is "Buy".
What is RELY's forward P/E ratio?
RELY trades at a forward P/E ratio of 45.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 76.5x. 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?
Analysts are cautious on RELY, with 0 Sell ratings and a price target of $21 (-11.5% from current price). The "Buy" consensus suggests careful evaluation before buying. 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 $17 to $24, a 33% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $21 consensus represents the middle ground.