RELY Remitly Global Inc

Remitly Global, Inc. (NASDAQ:RELY) has received an average rating of "Moderate Buy" from analysts, with eight out of eleven recommending a buy. The average 12-month price target is $25.8750. Recent analyst actions include price target adjustments and rating changes, with several analysts maintaining or upgrading their recommendations to "buy" or "market outperform."

Joshua Hug, a director at Remitly Global, Inc. (NASDAQ:RELY), sold 40,776 shares of common stock for approximately $543,544. This transaction occurred amidst a 27% decline in RELY shares over the past six months, though the company remains profitable. Despite the sale happening near the lower end of its 52-week range, analysts maintain a strong buy consensus and see the stock as undervalued.

This article analyzes Remitly Global (RELY), highlighting the firm's projected 28% year-over-year growth. However, it notes that the company's Q3 2024 projections were below analyst expectations, potentially impacting investor sentiment. While the stock's price target has been reduced, its current valuation appears attractive, with analysts expecting significant earnings per share growth in the coming year.

Remitly Global (NASDAQ: RELY) reported strong Q3 2025 earnings, beating estimates for both EPS and revenue. The company anticipates 28% year-over-year revenue growth for the full fiscal year, projecting total revenue between $1.619 billion and $1.621 billion. Additionally, Remitly provided an optimistic medium-term outlook for 2028, targeting revenue between $2.6 billion and $3 billion, with adjusted EBITDA in the range of $575 million to $600 million.

Remitly Global (RELY) has transitioned into a profitable business with strong revenue growth, prompting a re-evaluation of its stock. Despite a recent 15.9% share price gain, the company's valuation against analyst targets and its elevated P/E ratio compared to peers present a complex picture for investors. The article explores whether Remitly is an undervalued fintech rebound story or if its future growth is already priced in.

Remitly Global has updated its financial guidance, targeting high-teens revenue growth by 2026 and revenue between US$2.60 billion and US$3.00 billion by 2028, alongside adjusted EBITDA of US$575 million to US$600 million. This strategy focuses on new services like Remitly One and Remitly Business to drive customer engagement and profitability. Shareholders should assess whether these growth and profitability targets, combined with challenges from competition and regulatory complexity in digital remittances and stablecoins, reinforce Remitly's long-term investment viability.