13 Best Big Tech Stocks to Buy According to Hedge Funds

10. Remitly Global, Inc. (NASDAQ:RELY)

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

TheFly reported on February 23 that Cantor Fitzgerald raised its price target for RELY to $20 from $17 while keeping an Overweight rating. The firm cited the company’s strong Q4 performance, a promising FY26 outlook, and continued support from co-founder and former CEO Oppenheimer as factors in allaying investor concerns following the abrupt CEO transition.

Remitly Global, Inc. (NASDAQ:RELY) released its fourth quarter and full year 2025 results on February 18. The report highlights that at the end of the year, the company had 9.3 million active clients, which is up 19% from the year before, and a total transaction volume of $74.9 billion, up 37%.

Revenue also climbed 29% to $1.6 billion for the year, while net profitability improved from a $37.0 million deficit in 2024 to $67.9 million. An impressive $325.1 million in operating cash flow and $283.3 million in free cash flow allowed adjusted EBITDA to rise 93% to $272.2 million.

Additionally, RELY anticipates positive GAAP net income, adjusted EBITDA of $340–$360 million, and sales of $1.94–$1.96 billion for 2026, all of which point to steady growth and excellent performance. Adjusted EBITDA is predicted to be between $82 and $84 million for the first quarter, while revenue is predicted to be between $436 and $438 million.

Remitly Global, Inc. (NASDAQ:RELY) is a digital remittance company that enables fast, low-cost international money transfers. Its platform connects individuals and families worldwide, offering secure, convenient, and affordable cross-border payment solutions.