Does Remitly Global (RELY) Have the Potential to Rally 43.06% as Wall Street Analysts Expect?

Group 1 - Remitly Global, Inc. (RELY) closed at $18.95, with a 3.7% gain over the past four weeks, and a mean price target of $27.11 suggests a 43.1% upside potential [1] - The average price target ranges from a low of $21.00 to a high of $32.00, with a standard deviation of $3.48, indicating variability among analysts' estimates [2] - Analysts show strong agreement on RELY's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][11] Group 2 - The Zacks Consensus Estimate for the current year has increased by 11.1% over the past month, with no negative revisions [12] - RELY holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement [14]