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Remitly Global (RELY) Is Down 5.9% After Issuing Ambitious 2026–2028 Profitability Targets - What's Changed

Simply Wall St · 6d ago
  • In early January 2026, Remitly Global outlined growth plans through 2028, including revenue targets of US$2.60–US$3.00 billion and adjusted EBITDA goals of US$300 million–US$320 million by 2026 and US$575 million–US$600 million by 2028, aiming for industry-leading profitability margins.
  • This long-range guidance gives investors a clearer view of how Remitly expects to scale its all-digital remittance model while expanding margins meaningfully.
  • We’ll now examine how Remitly’s new 2028 revenue and profitability targets reshape the existing investment narrative around margin expansion.

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Remitly Global Investment Narrative Recap

To own Remitly, you need to believe its all digital remittance model can keep scaling while margins expand, even as competition and regulation stay intense. The new 2026 and 2028 targets sharpen the focus on margin expansion as the key near term catalyst, while also heightening attention on execution risk if customer growth, pricing, or cost discipline fall short of those goals. Overall, the guidance meaningfully frames expectations rather than changing the core risk reward profile.

The most directly relevant recent announcement is Remitly’s long range guidance through 2028, which pairs US$2.60 billion to US$3.00 billion in projected revenue with adjusted EBITDA targets of US$300 million to US$320 million by 2026 and US$575 million to US$600 million by 2028. For investors watching profitability as the main catalyst, these figures now sit alongside existing initiatives like Remitly Business and Remitly One as the yardstick for whether scale really translates into higher margins.

Yet against these ambitious profitability goals, investors should be aware that intensifying competition and possible fee compression could...

Read the full narrative on Remitly Global (it's free!)

Remitly Global's narrative projects $2.6 billion revenue and $130.1 million earnings by 2028. This requires 20.4% yearly revenue growth and a $116.0 million earnings increase from $14.1 million today.

Uncover how Remitly Global's forecasts yield a $21.17 fair value, a 60% upside to its current price.

Exploring Other Perspectives

RELY 1-Year Stock Price Chart
RELY 1-Year Stock Price Chart

Nine fair value estimates from the Simply Wall St Community span roughly US$21 to US$69 per share, showing how far opinions can diverge. When you set those views against Remitly’s bold 2026 and 2028 profitability targets, it underlines why understanding both the margin expansion opportunity and the competitive risks is critical before forming your own view.

Explore 9 other fair value estimates on Remitly Global - why the stock might be worth over 5x more than the current price!

Build Your Own Remitly Global Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

  • A great starting point for your Remitly Global research is our analysis highlighting 2 key rewards that could impact your investment decision.
  • Our free Remitly Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Remitly Global's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.