Remitly Q2 revenue beats estimates on active customer growth
RELY•Analyst coverage and valuation
The current average analyst rating on the shares is buy and the breakdown of recommendations is 11 strong buy or buy, no hold and no sell or strong sell.
The average consensus recommendation for the business support services peer group is buy.
Wall Street's median 12-month price target for Remitly Global Inc is $28.00, about 13.7% above its August 4 closing price of $24.63.
The stock recently traded at 31 times the next 12-month earnings, versus a P/E of 38 three months ago.
Outlook and key financial details
Remitly sees Q3 2026 revenue between $505 million and $507 million.
The company expects Q3 2026 adjusted EBITDA of $92 million to $94 million.
Remitly forecasts 2026 revenue between $1.978 billion and $1.988 billion.
