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 ...Full story available on Benzinga.com
Benzinga
