Does Remitly Global, Inc. (RELY) have what it takes to be a top stock pick for momentum investors? Let's find out.
The consensus price target hints at a 26.3% upside potential for Remitly Global (RELY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Remitly Global (RELY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Remitly Global, Inc. (RELY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Remitly Global (RELY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Remitly Global, Inc. (RELY) Q2 2026 Earnings Call Transcript
Remitly Global, Inc. (RELY) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.04 per share a year ago.
Remitly Global is now profitable, with strong revenue growth and expanding customer base, especially among high-value senders and business clients. RELY raised full-year guidance after Q1 2026, projecting $1.96–$1.975 billion revenue and $370–$385 million adjusted EBITDA, reflecting accelerating growth initiatives. Strategic expansion into new customer segments and geographies, plus integrations like WhatsApp and ChatGPT, support a bullish long-term outlook.
The mean of analysts' price targets for Remitly Global (RELY) points to a 28.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Remitly Global, Inc. (RELY) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
Cross-border payments app Remitly Business is now generally available to small and medium-sized businesses in Canada.
Watch more: Need to Know With Remitly's Sebastian Gunningham Sending money across borders should be simple by now. We live in a world where you can order groceries from your couch and open a bank account on your phone.