Cantor Fitzgerald raises Remitly stock price target on guidance

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices rise on Trump tariff jitters; Russia sold gold holding in January Dystopian AI report sinks DoorDash, software stocks Buy the dip in stocks amid geopolitical jitters, JPM’s Matejka says Trump’s new 15% tariff raises fresh legal and trade questions (South Africa Philippines Nigeria) Cantor Fitzgerald raises Remitly stock price target on guidance By Investing.com Analyst Ratings Published 02/23/2026, 11:08 AM Cantor Fitzgerald raises Remitly stock price target on guidance 0 RELY -4.61% Investing.com - Cantor Fitzgerald raised its price target on Remitly Global Inc (NASDAQ:RELY) to $20 from $17 on Monday while maintaining an Overweight rating. The stock jumped 34% over the past week, currently trading at $16.47 with a market cap of $3.61 billion. The price target increase follows the company’s fourth-quarter earnings report. Remitly issued first-quarter fiscal 2026 guidance projecting revenues of $436 million to $438 million and adjusted EBITDA of $82 million to $84 million. For fiscal year 2026, the company expects revenues of $1.94 billion to $1.96 billion and adjusted EBITDA of $340 million to $360 million. The company announced a CEO change during the quarter. The guidance reflects continued momentum, with revenue growing 29% over the last twelve months. According to InvestingPro analysis, the stock appears undervalued at current levels and trades at an attractive PEG ratio of 0.2, suggesting strong value relative to its growth prospects. Cantor Fitzgerald noted that co-founder and former CEO Mr. Oppenheimer’s continued commitment to the company helped ease investor concerns. The firm said fourth-quarter results addressed recent thematic headwinds related to immigration policy and stablecoins. The new price target is based on 9 times the firm’s fiscal 2027 EBITDA estimate of $444 million plus a discounted cash flow analysis, equally weighted. The prior target was based on 8 times a fiscal 2027 EB...