Remitly Global price target raised to $20 from $17 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Remitly Global (RELY) to $20 from $17 and keeps an Overweight rating on the shares. Remitly’s strong Q4 results, a better-than-expected FY26 outlook, and continued involvement from co-founder and former CEO Oppenheimer helped ease investor concerns despite the surprising CEO change, the analyst tells investors in a research note.