Where Remitly Global Stands With Analysts
Portfolio Pulse from Benzinga Insights
Remitly Global (NASDAQ:RELY) has received 6 analyst ratings in the last quarter, with 4 bullish, 2 somewhat bullish, and none bearish. The average 12-month price target for RELY is $31.5, with a high of $34.00 and a low of $29.00, marking an 18.11% increase over the past month.
December 01, 2023 | 4:00 pm
News sentiment analysis
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POSITIVE IMPACT
Remitly Global has a positive outlook from analysts with 4 bullish and 2 somewhat bullish ratings. The average price target is $31.5, reflecting an 18.11% increase from the previous month.
The positive analyst ratings and the increased average price target suggest a bullish sentiment towards Remitly Global's stock in the short term. The unanimous positive ratings without any bearish or even indifferent views indicate a strong consensus of potential upside, which could influence investor perception and drive short-term price movement upwards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100