Apr. 9, 2026 at 1:34pm by Ben Kaplan
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Remitly’s digital remittance platform leverages robust financial infrastructure to enable fast, secure cross-border money transfers.San Francisco Today
Shares of Remitly Global, Inc. (NASDAQ:RELY) have been assigned a consensus ‘Buy’ recommendation from the thirteen ratings firms currently covering the company, according to a MarketBeat.com report. One analyst has a ‘Hold’ rating, ten have ‘Buy’ ratings, and two have ‘Strong Buy’ ratings on the stock. The average 12-month price target among analysts is $22.78.
Why it matters
Remitly’s positive analyst coverage and price targets suggest Wall Street sees strong growth potential for the digital remittance provider, which has seen its stock price fluctuate since its 2021 IPO. The consensus ‘Buy’ rating indicates analysts believe the company is well-positioned to capitalize on the growing demand for fast, transparent cross-border money transfer services.
The details
Several research firms have weighed in on Remitly Global’s stock in recent months. Citigroup reiterated an ‘Outperform’ rating, while Cantor Fitzgerald and Oppenheimer raised their price targets to $20 and $22, respectively. The analysts cited Remitly’s strong financial performance and market opportunity in the digital remittance space.
- Remitly Global went public in a 2021 IPO.
- The company reported Q4 2025 earnings on February 18, 2026.
The players
Remitly Global, Inc.
A digital financial services company that specializes in cross-border money transfers, enabling immigrants and international workers to send remittances to their families abroad.
Wall Street Zen
An equity research firm that recently downgraded Remitly Global’s stock rating from ‘Strong Buy’ to ‘Buy’.
Citigroup
A major investment bank that has an ‘Outperform’ rating on Remitly Global’s stock.
Cantor Fitzgerald
A global financial services firm that raised its price target on Remitly Global to $20 per share.
Oppenheimer
An investment bank that set a $22 price target on Remitly Global’s stock.
The takeaway
Remitly’s strong analyst ratings and price targets suggest the digital remittance provider is well-positioned to capitalize on the growing demand for fast, transparent cross-border money transfer services.
