Why Citizens Maintained a Constructive View on Remitly Amid Investor Day Guidance

Group 1 - Remitly Global, Inc. is considered one of the best FinTech stocks to buy in 2026, with a maintained price target of $20 by Citizens, indicating the stock has "overcorrected" [1] - The company is positioned as a leading all-digital remittance provider, with management's margin guidance suggesting an easier path to medium-term profitability [1][2] - Remitly's Investor Day highlighted targets for high-teens revenue growth and adjusted EBITDA of $300 million to $320 million by 2026, with extended targets for 2028 of $2.6 billion to $3.0 billion in revenue and $575 million to $600 million in adjusted EBITDA, implying a 20%–22% margin [2] Group 2 - The company operates a cross-border payments app focused on digital remittances, aiming to broaden into additional financial services while improving profitability over time [3] - Initiatives like Remitly One and Remitly Business are part of the strategy to push into adjacent categories and deepen customer engagement [2]