Cantor Fitzgerald Lifts Remitly Price Target 17.6% to $20 After EBITDA Doubles
Cantor Fitzgerald raised its price target on Remitly Global by 17.6% to $20 after Q4 2025 adjusted EBITDA doubled to $89 million, driven by 30%+ send volume growth and higher-end customer segments. Management forecasts FY2026 revenue growth of 19-20% and adjusted EBITDA expansion of 25-32%.
1. Analyst Upgrade and Price Target
On February 23, Cantor Fitzgerald increased its Remitly Global price target by 17.6% from $17 to $20 and maintained an Overweight rating based on robust Q4 results and optimistic 2026 guidance.
2. Q4 Financial Performance
In Q4 2025, adjusted EBITDA rose to $89 million from $45 million a year earlier, propelled by high-teens growth in active customers, mid-teens growth in average transaction volume per user and a more than doubling of send volumes from top customer segments.
3. Margin Expansion Drivers
Higher transaction volumes improved network economics and reduced unit costs, while a targeted customer acquisition strategy and disciplined general and administrative spending further expanded profit margins.
4. FY2026 Outlook
Management expects revenue to increase 19-20% and adjusted EBITDA to grow 25-32% in fiscal 2026, with annual revenue growth of 17-22% and adjusted EBITDA growth of 28-30% over the following three years.