15 Best Stocks Under $25 to Buy Now

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

Share Price as of December 29: $14.05

Number of Hedge Fund Holders: 38

Remitly Global, Inc. (NASDAQ:RELY) ranks among the best stocks under $25 to buy now. On December 11, Citizens reaffirmed its Market Outperform rating and $20 price target on Remitly Global, Inc. (NASDAQ:RELY), noting the company’s leading role in the digital remittance industry. The firm believes Remitly Global, Inc. (NASDAQ:RELY) shares were overcorrected before the company’s Investor Day on account of immigration-related headlines, slowing revenue growth, and concerns regarding the introduction of small-dollar lending products.

Even with these hurdles, Citizens emphasizes Remitly’s position as the premier all-digital remittance vendor, with huge upside potential and plans to achieve industry-leading profitability in the long run.

During the Investor Day event, Remitly Global, Inc. (NASDAQ:RELY) announced its growth plans through 2028, with revenue expected to grow in the high teens and adjusted EBITDA between $300 million and $320 million by 2026. Remitly Global, Inc. (NASDAQ:RELY) also estimates revenue to range between $2.6 billion and $3.0 billion in 2028, with Adjusted EBITDA of $575 million to $600 million, representing a margin of 20-22%.

Remitly Global, Inc. (NASDAQ:RELY) is a financial technology and payments company that provides digital financial services with its cross-border payments app that facilitates money transfers in more than 170 countries around the world.

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