Weekly Investment Analysts’ Ratings Updates for Remitly Global (RELY)

Several brokerages have updated their recommendations and price targets on shares of Remitly Global (NASDAQ: RELY) in the last few weeks:

• 8/6/2026 – Remitly Global had its “overweight” rating reaffirmed by KeyCorp. They now have a $33.00 price target on the stock.
• 8/6/2026 – Remitly Global had its “outperform” rating reaffirmed by Citigroup Inc..
• 8/6/2026 – Remitly Global had its “outperform” rating reaffirmed by Wolfe Research. They now have a $31.00 price target on the stock.
• 8/6/2026 – Remitly Global had its price target raised by Citizens Jmp from $30.00 to $32.00. They now have a “market outperform” rating on the stock.
• 7/16/2026 – Remitly Global had its “outperform” rating reaffirmed by Citigroup Inc..
• 7/16/2026 – Remitly Global had its price target raised by Citizens Jmp from $26.00 to $30.00. They now have a “market outperform” rating on the stock.
• 7/9/2026 – Remitly Global had its price target raised by The Goldman Sachs Group, Inc. from $27.00 to $30.00. They now have a “buy” rating on the stock.

Insider Activity

In other news, insider Pankaj Sharma sold 16,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $20.01, for a total value of $320,160.00. Following the completion of the sale, the insider directly owned 767,810 shares of the company’s stock, valued at $15,363,878.10. This represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ankur Sinha sold 7,596 shares of Remitly Global stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $21.07, for a total value of $160,047.72. Following the transaction, the insider directly owned 1,222,718 shares in the company, valued at approximately $25,762,668.26. The trade was a 0.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 170,388 shares of company stock worth $3,725,510. Company insiders own 6.53% of the company’s stock.

Remitly Global, Inc operates as a digital financial services company specializing in cross-border money transfers. Through its proprietary online platform and mobile applications, the company enables immigrants, expatriates and international workers to send remittances swiftly and securely to their families abroad. By focusing on fast deliverability and transparent pricing, Remitly seeks to streamline a process traditionally dominated by cash-based methods and legacy money transfer operators.

Founded in 2011 by Matt Oppenheimer and headquartered in Seattle, Washington, Remitly has grown from a startup into a publicly traded corporation listed on NASDAQ under the ticker RELY.