Remitly Global (NASDAQ:RELY) underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 5 | 0 | 2 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 4 | 0 | 2 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $23.38, along with a high estimate of $32.00 and a low estimate of $15.00. This current average represents a 9.49% decrease from the previous average price target of $25.83.
Exploring Analyst Ratings: An In-Depth Overview
The standing of Remitly Global among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Scharf | JMP Securities | Lowers | Market Outperform | $22.00 | $32.00 |
| Ramsey El-Assal | Barclays | Lowers | Overweight | $20.00 | $25.00 |
| Tien-Tsin Huang | JP Morgan | Lowers | Overweight | $28.00 | $34.00 |
| Rufus Hone | BMO Capital | Lowers | Outperform | $24.00 | $28.00 |
| Andrew Bauch | Wells Fargo | Lowers | Underweight | $15.00 | $17.00 |
| Andrew Bauch | Wells Fargo | Lowers | Underweight | $17.00 | $19.00 |
| David Scharf | JMP Securities | Maintains | Market Outperform | $32.00 | - |
| Gus Gala | Monness, Crespi, Hardt | Announces | Buy | $29.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Remitly Global. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Remitly Global compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Remitly Global's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Remitly Global's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Remitly Global analyst ratings.
Discovering Remitly Global: A Closer Look
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
Understanding the Numbers: Remitly Global's Finances
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Remitly Global displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 32.01%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: Remitly Global's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -7.83%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Remitly Global's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -3.91%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Remitly Global's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.99%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.3, Remitly Global adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.