Institutional Heavyweights Bet Big on RELY, Signaling Strong Growth Conviction

On January 27, 2026, Cantor Fitzgerald joined the chorus of bullish voices on Remitly Global (RELY), launching coverage with an optimistic stance. The endorsement reflects a broader confidence among major investment players who are increasingly allocating capital toward the fintech-focused remittance leader, signaling significant confidence in its near-term prospects.

The consensus among Wall Street analysts paints a compelling picture for RELY shareholders. As of mid-January 2026, the average one-year price target stands at $22.17 per share, compared to the then-current trading price of $14.39. This represents potential upside of 54.05%, with analyst estimates ranging from $17.17 on the conservative end to $29.40 at the bullish extreme. Beyond near-term price appreciation, RELY’s operational fundamentals appear strong—the company is projected to generate $1,878 million in annual revenue, marking a 21.56% increase, while non-GAAP earnings per share are forecast at 0.16.

Analyst Optimism Drives 54% Price Target for RELY

Cantor Fitzgerald’s coverage initiation underscores why institutional analysts have grown increasingly constructive on Remitly Global. The 54% upside potential isn’t based on speculation—it reflects improving revenue trajectories and expanding profitability metrics. The breadth of bullish sentiment suggests multiple catalysts could drive RELY higher, from accelerating money transfer volumes to operating leverage benefits as the platform scales.

The range of price targets reveals how diverse investment strategies view RELY’s potential. Some analysts adopt a more cautious stance at $17.17, likely pricing in near-term macroeconomic headwinds or competitive pressures. Others embrace the higher $29.40 target, betting on RELY’s ability to capture market share in the booming digital remittance space and expand margins as operational efficiencies mature.

Fund Positioning and Market Sentiment Shift Bullish

The institutional landscape around RELY is shifting in revealing ways. Currently, 503 funds and institutions maintain positions in the company—though this represents a decline of 30 investors (5.63%) from the prior quarter. However, quality trumps quantity here: average portfolio allocations to RELY have grown to 0.33% across all funds, up 0.94 percentage points. Total institutional share ownership expanded by 0.51% to 201.89 million shares over the last three months, demonstrating that remaining holders are doubling down rather than exiting.

Market sentiment indicators further support a constructive view. RELY’s put/call ratio sits at 0.38, a classic signal of bullish positioning. When this ratio drops below 0.5, it indicates investors are buying more call options (betting on price appreciation) relative to protective puts—a genuine vote of confidence in near-term momentum.

Strategic Holdings: How Major Investors Are Playing RELY

The moves by mega-cap institutional investors tell the story of how sophisticated money is positioning itself. Naspers maintains its 25.44 million share stake (12.17% ownership), holding steady from last quarter—a vote of confidence through consistency from one of the world’s largest holding companies.

Baillie Gifford presents a more dynamic picture. The asset manager increased its RELY position from 7.87 million shares to 11.66 million shares—a 32.51% jump—though it modestly reduced portfolio weight by 45.45%, suggesting a tactical rebalancing amid overall portfolio growth. Generation Investment Management maintains its 7.69 million share position (3.68% ownership) unchanged, indicating satisfaction with current conviction levels.

The most aggressive accumulation came from two mid-sized players. Arrowstreet Capital expanded holdings by 46.23% to 5.55 million shares while increasing portfolio allocation by 44.09%, signaling conviction-buying. Similarly, ArrowMark Colorado Holdings grew its stake by 31.61% to 5.53 million shares and boosted allocation by 30.95%—moves that suggest these managers view RELY as increasingly central to their fintech exposure strategies.

The convergence of analyst upgrades, institutional accumulation, and positive options sentiment suggests RELY has captured the attention of serious capital allocators. Whether this optimism translates into sustained outperformance will depend on the company’s ability to execute on its revenue growth projections and navigate the competitive remittance landscape—but current positioning suggests market participants are betting heavily on success.