Remitly Global, Inc. (RELY) is projected to experience strong EPS growth next year and has garnered significant interest from hedge funds, securing a spot on the “15 Stocks That Will Benefit From AI” list. KeyBanc raised its price target for RELY to $28, maintaining an ‘Overweight’ rating after solid Q2 results and a 35% revenue growth.

Remitly Global, Inc. (RELY) plans additional product enhancements in September to expand its addressable market and improve unit economics. The company also boosted its revenue forecast for FY2026, citing investments in new products that could drive long-term margin expansion. RELY offers digital cross-border remittances and financial services through its mobile app and website.

While RELY shows promise as an investment, some AI stocks may offer greater upside potential with less downside risk. Investors seeking undervalued AI stocks that benefit from tariffs and onshoring trends can explore a free report on the best short-term AI stock. For more investment insights, check out the “11 Best Gold Penny Stocks to Buy According to Hedge Funds” and “11 Best Rebound Stocks to Buy According to Hedge Funds” articles. Disclosure: None.

Read more at Yahoo Finance: KeyBanc Raises PT on Remitly Global, Inc. (RELY) to $28, Maintains ‘Overweight’ Rating