KeyBanc Raises PT on Remitly Global, Inc. (RELY) to $28, Maintains 'Overweight' Rating

With a strong EPS growth estimate for the next year and significant hedge fund interest, Remitly Global, Inc. (NASDAQ:RELY) secures a spot on our list of the 15 Stocks That Will Benefit From AI.

On August 7, 2025, KeyBanc increased its price target for Remitly Global, Inc. (NASDAQ:RELY) to $28 from $27, keeping an Overweight rating following the company’s solid Q2 results and raising FY2025 outlook. Remitly’s 35% revenue growth over the last year, as well as its strong current ratio of 2.85, demonstrated strong execution. KeyBanc also cited the company’s innovation pipeline, which includes Remitly One (a multi-currency wallet) and Remitly Business (introduced earlier this year), as major growth drivers.

With additional product improvements coming in September, analysts see chances to expand the company’s addressable market and improve unit economics. Remitly Global, Inc. (NASDAQ:RELY) boosted its revenue forecast for FY2026, saying that investments in new products could broaden Remitly’s growth runway and enable long-term margin expansion.

Remitly Global, Inc. (NASDAQ:RELY) offers digital cross-border remittances and financial services through its mobile app and website, with customers in the United States, Canada, and other countries. It is on our list of the Best AI Stocks.

While we acknowledge the potential of RELY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.