Remitly Global Receives 'Buy' Ratings from Analysts

Thirteen firms cover the digital financial services company, with most recommending purchase of the stock.

Apr. 9, 2026 at 8:34am

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A high-contrast, close-up photograph of complex banking machinery and electronic components, representing the technological backbone of Remitly's digital financial services.Remitly's digital remittance platform leverages robust financial infrastructure to enable fast, secure cross-border money transfers.Seattle 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.

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What they’re saying

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“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, Grocery employee

The takeaway

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.