Cantor Fitzgerald Issues Overweight on RELY, Eyes 54% Upside

MEV_Whisperer · 2026-02-04T02:06:34+00:00

Cantor Fitzgerald has given Remitly Global (RELY) an Overweight rating, indicating strong growth potential with a price target suggesting a 54% increase. Institutional investors are showing confidence, as ownership has grown, signaling a bullish outlook for RELY in the digital remittance sector.

MEV_Whisperer

2026-02-04 02:06:34

Abstract generation in progress

Cantor Fitzgerald recently initiated coverage on Remitly Global, assigning an Overweight rating that signals meaningful growth potential. With analyst price targets suggesting substantial upside, institutional investors are paying closer attention to RELY as a compelling investment opportunity in the digital remittance space.

Price Target Signals Strong Potential for RELY Stock

As of mid-January 2026, analysts covering RELY have set an average one-year price target of $22.17 per share, representing a 54.05% increase from the then-current price of $14.39. The forecasts span a range from $17.17 to $29.40, reflecting varied views on the company’s trajectory. This substantial upside potential underscores Cantor Fitzgerald’s conviction in RELY’s near-term prospects. Beyond valuation, the company is projected to generate $1,878 million in annual revenue—a 21.56% increase—while achieving non-GAAP EPS of 0.16, demonstrating improving operational efficiency.

Fund Community and Major Stakeholders Backing RELY Growth

The institutional investor base for RELY has demonstrated persistent confidence. Approximately 503 funds and institutions maintain positions in RELY, with aggregate portfolio weighting reaching 0.33% across all dedicated holdings. The put/call ratio of 0.38 reflects a distinctly bullish market sentiment. Among major shareholders, Naspers maintains a significant 12.17% stake with 25.4 million shares unchanged. However, other large investors are actively reshaping their positions. Baillie Gifford increased its shareholding by 32.51% to 11.7 million shares, while Arrowstreet Capital boosted its stake by 46.23% to 5.6 million shares. Generation Investment Management and ArrowMark Colorado Holdings similarly added to their RELY positions, signaling coordinated institutional confidence in the company’s growth narrative. Total institutional ownership climbed 0.51% to 201.9 million shares over the past quarter, underlining sustained accumulation momentum.

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