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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 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.

While we acknowledge the potential of RELY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RELY and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 14 Best GARP Stocks to Buy According to Analysts and 14 Best Affordable Dividend Stocks to Buy According to Analysts.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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