Cantor Fitzgerald raises Remitly stock price target on guidance

Cantor Fitzgerald has increased its price target for Remitly Global Inc (NASDAQ:RELY) to $20 from $17, maintaining an Overweight rating, following the company’s strong fourth-quarter earnings report and optimistic fiscal 2026 guidance. Remitly released robust guidance, projecting revenues of $436 million to $438 million and adjusted EBITDA of $82 million to $84 million for Q1 2026, and higher for the full fiscal year. The report also highlights an attractive PEG ratio, a recent CEO change, and positive analyst sentiment, suggesting the stock is undervalued despite a 34% jump in the past week.