Cantor Fitzgerald Cites Co-Founder Support Following CEO Transition at Remitly Global, Inc. (RELY)

Remitly Global, Inc. (NASDAQ:RELY) is among the 13 Best Big Tech Stocks to Buy According to Hedge Funds.

Remitly Global, Inc. (NASDAQ:RELY) is among the best exertion stocks. 

TheFly reported connected February 23 that Cantor Fitzgerald raised its terms people for RELY to $20 from $17 portion keeping an Overweight rating. The steadfast cited the company's beardown Q4 performance, a promising FY26 outlook, and continued enactment from co-founder and erstwhile CEO Oppenheimer arsenic factors successful allaying capitalist concerns pursuing the abrupt CEO transition.

Remitly Global, Inc. (NASDAQ:RELY) released its 4th fourth and afloat twelvemonth 2025 results connected February 18. The study highlights that astatine the extremity of the year, the institution had 9.3 cardinal progressive clients, which is up 19% from the twelvemonth before, and a full transaction measurement of $74.9 billion, up 37%.

Revenue besides climbed 29% to $1.6 cardinal for the year, portion nett profitability improved from a $37.0 cardinal shortage successful 2024 to $67.9 million. An awesome $325.1 cardinal successful operating currency travel and $283.3 cardinal successful escaped currency travel allowed adjusted EBITDA to emergence 93% to $272.2 million.

Additionally, RELY anticipates affirmative GAAP nett income, adjusted EBITDA of $340–$360 million, and income of $1.94–$1.96 cardinal for 2026, each of which constituent to dependable maturation and fantabulous performance. Adjusted EBITDA is predicted to beryllium betwixt $82 and $84 cardinal for the archetypal quarter, portion gross is predicted to beryllium betwixt $436 and $438 million.

Remitly Global, Inc. (NASDAQ:RELY) is simply a integer remittance institution that enables fast, low-cost planetary wealth transfers. Its level connects individuals and families worldwide, offering secure, convenient, and affordable cross-border outgo solutions.

While we admit the imaginable of RELY arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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