Wall Street Analysts Believe Remitly Global, Inc. (RELY) Could Rally 28.24%: Here's is How to Trade [Yahoo! Finance]
Remitly Global, Inc. (RELY)
US:NASDAQ Investor Relations:
realindustryinc.com
Company Research
Source: Yahoo! Finance
be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $27.11 indicates a potential upside of 28.2%. The mean estimate comprises nine short-term price targets with a standard deviation of $5.64. While the lowest estimate of $16 indicates a 24.3% decline from the current price level, the most optimistic analyst expects the stock to surge 60.8% to reach $34. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts. While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable. But, for RELY, an impressive average price target is not the only indica
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RELY
News
- Remitly: An Interesting Growth Play Is Awaiting Operating Leverage [Seeking Alpha]Seeking Alpha
- Remitly to Report First Quarter Financial Results on Wednesday, May 1, 2024GlobeNewswire
- One Remitly Global Insider Raised Stake By 17% In Previous Year [Yahoo! Finance]Yahoo! Finance
- Remitly Global, Inc. (NASDAQ:RELY) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Remitly Global Full Year 2023 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
RELY
Earnings
- 2/21/24 - Miss
RELY
Sec Filings
- 4/29/24 - Form D/A
- 4/26/24 - Form 4
- 4/26/24 - Form ARS
- RELY's page on the SEC website