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Wall Street Analysts See a 54.39% Upside in Remitly Global (RELY): Can the Stock Really Move This High?
The average of price targets set by Wall Street analysts indicates a potential upside of 54.4% in Remitly Global (RELY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Wall Street Analysts Think Remitly Global (RELY) Could Surge 74.37%: Read This Before Placing a Bet
The consensus price target hints at a 74.4% 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, Inc. (RELY) Q2 2024 Earnings Call Transcript
Remitly Global, Inc. (NASDAQ:RELY ) Q2 2024 Earnings Conference Call July 31, 2024 5:00 PM ET Company Participants Stephen Shulstein – Vice President, Investor Relations Matt Oppenheimer – Co-Founder and Chief Executive Officer Hemanth Munipalli – Chief Financial Officer Conference Call Participants Tien-Tsin Huang – JPMorgan Andrew Schmidt – Citi Allison Gelman – Barclays Will Nance – Goldman Sachs David Scharf – Citizens JMP Darrin Peller – Wolfe Research Cris Kennedy – William Blair Alex Markgraff – KeyBanc Capital Markets Andrew Bauch – Wells Fargo Rufus Hone – BMO Gustavo Gala – Monness, Crespi, Hardt & Company Matthew ONeill – FT Partners Operator Thank you for standing by. Welcome to the Remitly Second Quarter 2024 Earnings Call.
Remitly Global, Inc. (RELY) Reports Q2 Loss, Tops Revenue Estimates
Remitly Global, Inc. (RELY) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.11 per share a year ago.
