Remitly Global Receives Consensus 'Buy' Rating from Analysts

Twelve brokerages currently cover the financial services provider's stock

Mar. 15, 2026 at 8:48am

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Remitly Global, Inc. (NASDAQ:RELY) has received an average recommendation of "Buy" from the twelve brokerages currently covering the firm, according to MarketBeat.com. One analyst has rated the stock as a "Hold", ten have given it a "Buy" rating, and one has issued a "Strong Buy" recommendation. The average 12-month price target among analysts who have covered the stock is $22.78.

Why it matters

Remitly's positive analyst ratings and price targets suggest that Wall Street sees strong growth potential for the digital financial services company, which specializes in cross-border money transfers. As Remitly continues to expand its platform and customer base, the consensus "Buy" recommendation could help drive investor interest and confidence in the stock.

The details

Several equity analysts have weighed in on Remitly's stock in recent months. Bank of America initiated coverage with a "Buy" rating and $18 price target in February. JPMorgan Chase & Co. lowered its target from $23 to $22 but maintained an "Overweight" rating in January. Cantor Fitzgerald lifted its price target from $17 to $20 and reiterated an "Overweight" rating in February. The Goldman Sachs Group also increased its price target, from $17 to $20, while keeping a "Buy" rating on the shares.

  • Remitly Global went public on the Nasdaq exchange in October 2021.

The players

Remitly Global, Inc.

A digital financial services company that specializes in cross-border money transfers, enabling immigrants, expatriates and international workers to send remittances to their families abroad.

Bank of America

One of the twelve brokerages currently covering Remitly Global's stock, having initiated coverage with a "Buy" rating and $18 price target in February 2026.

JPMorgan Chase & Co.

One of the twelve brokerages currently covering Remitly Global's stock, having lowered its price target from $23 to $22 but maintained an "Overweight" rating in January 2026.

Cantor Fitzgerald

One of the twelve brokerages currently covering Remitly Global's stock, having lifted its price target from $17 to $20 and reiterated an "Overweight" rating in February 2026.

The Goldman Sachs Group

One of the twelve brokerages currently covering Remitly Global's stock, having increased its price target from $17 to $20 while keeping a "Buy" rating on the shares.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Remitly Global's positive analyst coverage and price targets suggest that Wall Street sees strong growth potential for the digital financial services company as it continues to expand its platform and customer base, which could help drive investor interest and confidence in the stock.