Track market-moving stories before they get noisy

PALO ALTO, Calif., May 07, 2026 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio” or the “Company”), a commercial-stage, multi-product biopharmaceutical company focused on developing medicines for genetic conditions, announced today its financial results for the first quarter ended March 31, 2026, and provided an update on Attruby's commercial progress.

BridgeBio Pharma, Inc. (BBIO) Q1 2026 Earnings Call Transcript

-Acoramidis increased sTTR early and significantly reduced intra-individual sTTR variability versus placebo (p

BridgeBio Pharma, Inc. (BBIO) Presents at Bank of America Global Healthcare Conference 2026 Transcript

© sanjeri / E+ via Getty Images

BridgeBio Pharma (NASDAQ:BBIO | BBIO Price Prediction) received a Neutral initiation from Citi Neutral on Tuesday, reflecting a measured stance on the company’s transthyretin amyloid cardiomyopathy (ATTR-CM) franchise. The call contrasts with Citi’s simultaneous Buy initiation Buy ratings on peer biotechs Alnylam, Ascendis Pharma, BioMarin, Cytokinetics, and of Ionis Pharmaceuticals (NASDAQ:IONS), making the BBIO Neutral a cautious outlier. For prudent investors, the rating frames a real tension between commercial momentum and competitive risk.

Ticker Company Firm Action Old Rating New Rating Old Target New Target BBIO BridgeBio Pharma Citi Initiation N/A Neutral N/A Not disclosed BridgeBio’s lead drug Attruby (acoramidis) is tracking a steep commercial ramp, alongside $500 million share repurchase program and three additional NDAs planned for 2026. Citi’s caution stands against broader Wall Street sentiment that includes 22 buy ratings on BBIO stock.

The Analyst’s Case Citi’s Neutral rating reflects a balanced view of BridgeBio’s cardiomyopathy story. The bull case centers on acoramidis’s differentiated mechanism of action, a large and growing ATTR-CM patient population, broader pipeline assets, and attractive risk/reward relative to other gene-targeted biotechs.

The bear case is equally concrete. BridgeBio’s Attruby competes head-to-head with Pfizer’s established tafamidis (Vyndaqel/Vyndamax) franchise, while commercial ramp execution risk, R&D burn, and pipeline assets early in development weigh on the setup. That Citi initiated Ionis Pharmaceuticals at Buy the same day sharpens the signal: the firm sees opportunity in gene-targeted biotech, yet drew a line at BridgeBio’s competitive setup.

Company Snapshot BridgeBio is a clinical-stage biopharmaceutical company focused on genetic diseases and cancers driven by Mendelian disease drivers. Lead product Attruby won U.S. approval for ATTR-CM in late 2024 and posted Q1 2026 U.S. net product revenue of $180.6 million, versus $36.74 million a year earlier. Total revenue rose year over year.

BridgeBio closed the quarter with $940.19 million in cash and a market cap near $13.03 billion. The pipeline includes upcoming NDAs for BBP-418 in LGMD2I/R9, encaleret in ADH1, and oral infigratinib in achondroplasia, each potentially eligible for priority review.

Why the Move Matters Now The Neutral call arrives against a broadly bullish analyst tape. Pfizer (NYSE:PFE) still generated $1.688 billion in Q4 2025 Vyndaqel-family revenue, up 9% year over year, underscoring how much share Attruby must capture to justify BBIO’s valuation.

BBIO stock has been under pressure recently, with shares down 15% over the past month, even as the one-year return remains up 94%. Citi’s initiation lands in a more skeptical tape than the buy-rated chorus suggests.

What It Means for Your Portfolio For prudent investors, the Citi Neutral initiation is a reminder that strong launch metrics and competitive risk coexist. BridgeBio’s commercial trajectory looks healthy, yet Pfizer’s incumbency and Ionis’s eplontersen CARDIO-TTRansform readout expected later 2026 could pressure the long-term ATTR-CM share thesis.

BBIO stock may suit investors comfortable with biotech volatility and execution risk. Moderate position sizing, rather than aggressive accumulation, fits the balanced framing Citi is signaling. Keep an eye on BridgeBio through three planned 2026 NDAs and competitive cardiomyopathy data flow.

First quarter send volume up 37% and revenue up 25% year over year
First quarter net income of $49.1 million up 332% and Adjusted EBITDA of $101.6 million up 74% year over year

SEATTLE, May 06, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY), a trusted provider of financial services that transcend borders, reported results for the first quarter ended March 31, 2026.

“We delivered an exceptional Q1, achieving record revenue and Adjusted EBITDA,” said Sebastian Gunningham, Chief Executive Officer, Remitly. “Outperformance across key corridors and an increasing pace of product innovation are contributing to strong momentum in the business. The accelerated growth in quarterly active users is evidence of the continued trust and confidence customers place in Remitly. At the same time, disciplined cost management, scale benefits, and AI-driven efficiencies are delivering strong operating leverage.”

First Quarter 2026 Highlights and Key Operating Data
(All comparisons relative to the first quarter of 2025)

Active customers increased to 9.6 million, from 8.0 million, up 20%.Send volume increased to $22.1 billion, from $16.2 billion, up 37%.Revenue totaled $452.8 million, compared to $361.6 million, up 25%.Net income was $49.1 million, compared to $11.4 million, up 332%.Adjusted EBITDA was $101.6 million, compared to $58.4 million, up 74%. 2026 Financial Outlook
For fiscal year 2026, Remitly currently expects:

Total revenue in the range of $1.960 billion to $1.975 billion, representing a growth rate of 20 to 21% year over year.Year over year growth in net income for 2026 and Adjusted EBITDA to be in the range of $370 million to $385 million. For the second quarter of 2026, Remitly currently expects:

Total revenue in the range of $483 million to $485 million, representing a growth rate of 17% to 18% year over year.Year over year growth in net income for the second quarter of 2026 and Adjusted EBITDA to be in the range of $86 million to $88 million. Reconciliation of GAAP to Non-GAAP Financial Measures
A reconciliation of accounting principles generally accepted in the United States of America (“GAAP”) to non-GAAP financial measures has been provided in the financial statement tables included in this earnings release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.” We have not provided a quantitative reconciliation of forecasted Adjusted EBITDA to forecasted GAAP net income (loss) or to forecasted GAAP income (loss) before income taxes within this earnings release because we cannot, without unreasonable effort, calculate certain reconciling items with confidence due to the variability, complexity, and limited visibility of the adjusting items that would be excluded from forecasted Adjusted EBITDA. These items include, but are not limited to, income taxes, stock-based compensation expense, and payroll taxes related to stock-based compensation expense, which are directly impacted by unpredictable fluctuations in the market price of our common stock. The variability of these items could have a significant impact on our future GAAP financial results.

Note: All percentage changes described within this press release are calculated using amounts in the Company’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”), for which revenue and active customers are presented in thousands and send volume is presented in millions. Rounding differences may occur when individually calculating percentages or totals from rounded amounts included within the press release body as compared to the amounts included within the Company’s SEC filings.

Webcast Information
Remitly will host a webcast at 5:00 p.m. Eastern Time on Wednesday, May 6, 2026, to discuss its first quarter 2026 financial results. The live webcast and investor presentation will be accessible on Remitly’s website at https://ir.remitly.com. A webcast replay will be available on our website at https://ir.remitly.com following the live event.

We have used, and intend to continue to use, the Investor Relations section of our website at https://ir.remitly.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD.

Non-GAAP Financial Measures
Some of the financial information and data contained in this earnings release, such as Adjusted EBITDA, free cash flow, and non-GAAP operating expenses, have not been prepared in accordance with GAAP.

We regularly review our key business metrics and non-GAAP financial measures to evaluate our performance, identify trends affecting our business, prepare financial projections, and make strategic decisions. We believe that these key business metrics and non-GAAP financial measures provide meaningful supplemental information for management and investors in assessing our historical and future operating performance. Adjusted EBITDA and non-GAAP operating expenses are key output measures used by our management to evaluate our operating performance, inform future operating plans, and make strategic long-term decisions, including those relating to operating expenses and the allocation of internal resources. We believe that the use of Adjusted EBITDA and non-GAAP operating expenses provides additional tools to assess operational performance and trends in, and in comparing our financial measures with, other similar companies, many of which present similar non-GAAP financial measures to investors. Free cash flow is a key measure used by our management to understand the strength of our liquidity and available cash, and we believe that the presentation of this measure is useful because we are focused on growing our free cash flow generation over time. Free cash flow is not intended to represent the total increase or decrease in our cash balance for the period. Our non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial measures determined in accordance with GAAP. Because of the limitations of non-GAAP financial measures, you should consider the non-GAAP financial measures presented herein in conjunction with our financial statements and the related notes thereto. Please refer to the non-GAAP reconciliations in this press release for a reconciliation of these non-GAAP financial measures to the most comparable financial measure prepared in accordance with GAAP.

We calculate Adjusted EBITDA as net income (loss) adjusted by (i) interest (income) expense, net; (ii) provision for income taxes; (iii) noncash charges of depreciation and amortization; (iv) other (income) expense, net; (v) noncash charges associated with our donation of common stock in connection with our Pledge 1% commitment; (vi) noncash stock-based compensation expense, net; (vii) payroll taxes related to stock-based compensation expense, net; and (viii) certain restructuring and other costs.

We calculate free cash flow as net cash provided by operating activities, adjusted for capitalized expenditures that include purchases of property and equipment and capitalized internal-use software.

We calculate non-GAAP operating expenses as our GAAP operating expenses adjusted by (i) noncash stock-based compensation expense, net; (ii) payroll taxes related to stock-based compensation expense, net; (iii) noncash charges associated with our donation of common stock in connection with our Pledge 1% commitment; as well as (iv) certain restructuring and other costs.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These statements include, but are not limited to, statements regarding future events or our future results of operations and financial position, including our fiscal year and second quarter 2026 financial outlook, including forecasted fiscal year and second quarter 2026 revenue, net income (loss), and Adjusted EBITDA, anticipated future expenses and investments, expectations relating to certain of our key financial and operating metrics, our business strategy and plans, our growth, our position and potential opportunities, and our objectives for future operations. The words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “likely,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms are intended to identify forward-looking statements. Forward-looking statements are based on management’s expectations, assumptions, and projections based on information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including risks and uncertainties related to our expectations regarding our revenue, expenses, and other operating results; our ability to acquire new customers and successfully retain existing customers; our ability to continue to develop new products and services in a timely manner; our ability to sustain our profitability; our ability to maintain and expand our strategic relationships with third parties; our business plan and our ability to effectively manage our growth; anticipated trends, growth rates, and challenges in our business and in the market segments in which we operate; our ability to effectively integrate and leverage artificial intelligence and machine learning technologies; our ability to attract, integrate, and retain qualified employees, including key members of our management team; uncertainties regarding the impact of geopolitical and macroeconomic conditions, including currency fluctuations, inflation, regulatory changes (including as may be related to immigration, fiscal and tax policy, foreign trade, or foreign investment), regional and global conflicts or related government sanctions, or legislative or regulatory developments; our ability to maintain the security and availability of our solutions; our ability to maintain our money transmission licenses and other regulatory clearances or obtain new licenses and regulatory clearances; our ability to maintain and expand international operations; our expectations regarding anticipated technology needs and developments and our ability to address those needs and developments with our solutions; and our stock repurchase program, the timing and number of shares of our common stock to be repurchased, and the potential benefits thereof. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, our actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Further information on risks that could cause actual results to differ materially from forecasted results is included in our quarterly report on Form 10-Q for the quarter ended March 31, 2026, to be filed with the SEC, and within our annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC, which are or will be available on our website at https://ir.remitly.com and on the SEC’s website at www.sec.gov. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

About Remitly
Remitly is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, Remitly has built one of the world’s leading global money movement platforms, trusted by millions of customers. Remitly continues to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across a growing set of use cases.

Contacts

Media Inquiries:
[email protected]

Investor Relations:
[email protected]

  REMITLY GLOBAL, INC.
CondensedConsolidated Statements of Operations
(unaudited)   Three Months Ended March 31,(in thousands, except share and per share data) 2026   2025 Revenue$452,802  $361,624 Costs and expenses   Transaction expenses(1) 144,940   121,393 Customer support and operations(1) 26,811   22,573 Marketing(1) 86,362   73,349 Technology and development(1) 79,603   73,851 General and administrative(1) 55,147   52,829 Depreciation and amortization 6,199   5,396 Total costs and expenses 399,062   349,391 Income from operations 53,740   12,233 Interest income 1,653   1,787 Interest expense (2,437)  (1,299)Other (expense) income, net (881)  2,221 Income before provision for income taxes 52,075   14,942 Provision for income taxes 3,022   3,590 Net income$49,053  $11,352 Net income per share attributable to common stockholders:   Basic$0.23  $0.06 Diluted$0.23  $0.05 Weighted-average shares used in computing net income per share attributable to common stockholders:   Basic 211,032,788   201,744,601 Diluted 217,047,399   218,414,823  __________
(1) Exclusive of depreciation and amortization, shown separately.

    REMITLY GLOBAL, INC.
CondensedConsolidated Balance Sheets
(unaudited)     March 31, December 31,(in thousands) 2026   2025 Assets   Current assets   Cash and cash equivalents$649,062  $542,426 Disbursement prefunding 244,506   441,335 Customer funds receivable, net 295,792   286,455 Prepaid expenses and other current assets 58,325   45,735 Total current assets 1,247,685   1,315,951 Property and equipment, net 60,162   61,521 Operating lease right-of-use assets 9,954   12,452 Goodwill 54,940   54,940 Intangible assets, net 1,594   2,125 Other noncurrent assets, net 11,448   11,724 Total assets$1,385,783  $1,458,713 Liabilities and stockholders’ equity   Current liabilities   Accounts payable$28,784  $28,450 Customer liabilities 264,768   219,667 Short-term debt 2,844   2,821 Accrued expenses and other current liabilities 136,285   141,948 Operating lease liabilities 6,686   6,166 Total current liabilities 439,367   399,052 Operating lease liabilities, noncurrent 29,769   28,135 Long-term debt —   155,000 Other noncurrent liabilities 9,207   7,737 Total liabilities 478,343   589,924 Commitments and contingencies   Stockholders’ equity   Common stock 21   21 Additional paid-in capital 1,316,280   1,325,520 Accumulated other comprehensive income 2,434   3,596 Accumulated deficit (411,295)  (460,348)Total stockholders’ equity 907,440   868,789 Total liabilities and stockholders’ equity$1,385,783  $1,458,713    REMITLY GLOBAL, INC.
Condensed Consolidated Statements of Cash Flows
(unaudited)   Three Months Ended March 31,(in thousands) 2026  2025(1)Cash flows from operating activities   Net income$49,053  $11,352 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation, amortization, and other 14,123   7,863 Stock-based compensation expense, net 27,536   35,792 Donation of common stock 765   959 Changes in operating assets and liabilities:   Prepaid expenses and other assets (12,723)  (6,272)Operating lease right-of-use assets 1,134   2,041 Accounts payable 4,772   22,182 Accrued expenses and other liabilities (4,896)  2,800 Operating lease liabilities 2,128   4,066 Net cash provided by operating activities 81,892   80,783 Cash flows from investing activities   Purchases of property and equipment (5,987)  (10,615)Capitalized internal-use software costs (3,199)  (2,949)Net collections (originations) from consumer receivables (4,559)  (3,348)Net cash used in investing activities (13,745)  (16,912)Cash flows from financing activities   Proceeds from exercise of stock options 417   2,392 Proceeds from issuance of common stock in connection with ESPP 6,340   5,768 Cash paid for repurchase of common stock (42,499)  — Proceeds from revolving credit facility borrowings 2,363,000   1,059,000 Repayments of revolving credit facility borrowings (2,518,000)  (1,059,000)Net change in customer funds assets and liabilities 230,803   52,120 Taxes paid related to net share settlement of equity awards (952)  (1,089)Net cash provided by financing activities 39,109   59,191 Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (809)  2,728 Net increase in cash, cash equivalents, and restricted cash 106,447   125,790 Cash, cash equivalents, and restricted cash at beginning of period 544,299   369,817 Cash, cash equivalents, and restricted cash at end of period$650,746  $495,607 Reconciliation of cash, cash equivalents, and restricted cash   Cash and cash equivalents$649,062  $493,905 Restricted cash included in prepaid expenses and other current assets 694   632 Restricted cash included in other noncurrent assets, net 990   1,070 Total cash, cash equivalents, and restricted cash$650,746  $495,607  __________
(1) Beginning in the fourth quarter of 2025, the Company changed the presentation of certain cash activity related to customer funds assets and liabilities, which is comprised of disbursement prefunding, customer funds receivable, customer liabilities, and trade settlement liability included within the line item ‘Accrued expenses and other current liabilities’ on the Consolidated Balance Sheets. Certain components of this activity were reclassified from cash flows from operating activities to cash flows from financing activities, reflected within the line item ‘Net change in customer funds assets and liabilities.’

 REMITLY GLOBAL, INC.
Reconciliation of GAAP to Non-GAAP Financial Measures
(unaudited) Reconciliation of net income (loss) to Adjusted EBITDA:     Three Months Ended March 31,(in thousands) 2026  2025 Net income$49,053 $11,352 Add:   Interest (income) expense, net 784  (488)Provision for income taxes 3,022  3,590 Depreciation and amortization 6,199  5,396 Other (income) expense, net 881  (2,221)Donation of common stock 765  959 Stock-based compensation expense, net 27,536  35,792 Payroll taxes related to stock-based compensation expense, net 1,772  3,140 Restructuring and other costs(1) 11,538  908 Adjusted EBITDA$101,550 $58,428  __________
(1) Restructuring and other costs for the three months ended March 31, 2026 and March 31, 2025 consisted primarily of non-recurring termination benefits.

 Reconciliation of cash flow from operations to free cash flow:     Three Months Ended March 31,(in thousands) 2026   2025 Net cash provided by operating activities$81,892  $80,783 Less:   Purchases of property and equipment (5,987)  (10,615)Capitalized internal-use software costs (3,199)  (2,949)Free cash flow$72,706  $67,219   Reconciliation of operating expenses to non-GAAP operating expenses:     Three Months Ended March 31,(in thousands) 2026  2025Customer support and operations$26,811 $22,573Excluding: Stock-based compensation expense, net 309  256Excluding: Payroll taxes related to stock-based compensation expense, net 5  8Excluding: Restructuring and other costs 1,644  —Non-GAAP customer support and operations$24,853 $22,309     Three Months Ended March 31,  2026  2025Marketing$86,362 $73,349Excluding: Stock-based compensation expense, net 2,173  4,127Excluding: Payroll taxes related to stock-based compensation expense, net 41  456Excluding: Restructuring and other costs 1,709  490Non-GAAP marketing$82,439 $68,276     Three Months Ended March 31,  2026  2025Technology and development$79,603 $73,851Excluding: Stock-based compensation expense, net 17,158  21,237Excluding: Payroll taxes related to stock-based compensation expense, net 1,268  1,981Excluding: Restructuring and other costs 3,463  —Non-GAAP technology and development$57,714 $50,633     Three Months Ended March 31,  2026  2025General and administrative$55,147 $52,829Excluding: Stock-based compensation expense, net 7,896  10,172Excluding: Payroll taxes related to stock-based compensation expense, net 458  695Excluding: Donation of common stock 765  959Excluding: Restructuring and other costs 4,722  418Non-GAAP general and administrative$41,306 $40,585

Remitly Global, Inc. (RELY) Q1 2026 Earnings Call Transcript

Remitly Global is rated 'buy' due to rapid business customer growth and strong adoption of Remitly Business, targeting high-value SMB senders. RELY posted Q1 '26 revenue of $453M (25% YoY growth), beating both company and analyst estimates, with active customers reaching 9.634 million. High-value sender growth (73% in Q1 '26) and improved margins (adj. EBITDA margin 22%) underpin RELY's shift to profitability and robust forward outlook.

SEATTLE, May 12, 2026 (GLOBE NEWSWIRE) -- Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of financial services that transcend borders, today announced that its management team will present at the following investor conferences:

Post-Earnings Virtual Webinar with Cantor
Date: Wednesday, May 13, 2026
Time: 1 p.m. Eastern Time / 10 a.m. Pacific Time
Ramsey El-Assal, Cantor research analyst, will host CEO Sebastian Gunningham and CFO Vikas Mehta for a question and answer session. Please reach out to Ramsey El-Assal at [email protected] or register here for access to the May 13 live webinar.

J.P. Morgan Global Technology, Media and Communications Conference, Boston
Date: Monday, May 18, 2026
Time: 11:05 a.m. Eastern Time / 8:05 a.m. Pacific Time
CEO Sebastian Gunningham and CFO Vikas Mehta will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference. The fireside chat will be webcast live from Remitly’s investor relations website at https://ir.remitly.com/. After the presentation, a replay of the event will be available on the investor relations website.

Bernstein Strategic Decisions Conference, New York City
Date: Wednesday, May 27, 2026

Bank of America Global Technology Conference, San Francisco
Date: Thursday, June 4, 2026

Bank of America Global Research C-Suite TMT Conference, London
Date: Wednesday, June 10, 2026
Time: 2:50 p.m. British Time / 9:50 a.m. Eastern Time / 6:50 a.m. Pacific Time
CFO Vikas Mehta will participate in a fireside chat at the Bank of America Global Research C-Suite TMT Conference. The fireside chat will be webcast live from Remitly’s investor relations website at https://ir.remitly.com/. After the presentation, a replay of the event will be available on the investor relations website.

About Remitly
Remitly is a trusted provider of financial services that transcend borders. With a footprint spanning more than 175 countries, Remitly has built one of the world’s leading global money movement platforms, trusted by millions of customers. Remitly continues to evolve beyond a remittance company into a diversified, cross-border financial services provider, serving both consumers and businesses across a growing set of use cases.

Investor Relations Contact:
[email protected]

Media Inquiries:
[email protected]

SOURCE Remitly Global, Inc.

Mobile payments are transforming checkout worldwide, and companies like INTU, RELY, WEX and PAY are positioning to ride the next wave of digital commerce growth.

Remitly Global, Inc. (RELY - Free Report) closed the last trading session at $20.87, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $26.75 indicates a 28.2% upside potential.

The mean estimate comprises 10 short-term price targets with a standard deviation of $3.57. While the lowest estimate of $20.00 indicates a 4.2% decline from the current price level, the most optimistic analyst expects the stock to surge 58.1% to reach $33.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

But, for RELY, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in RELYAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 30.7%, as three estimates have moved higher compared to no negative revision.

Moreover, RELY currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much RELY could gain, the direction of price movement it implies does appear to be a good guide.

Many investors today are trying to fight what's colloquially known as FOMO, or fear of missing out. Stocks like Micron Technology are up close to 10-fold during the past 12 months, driving the S&P 500 Index to new heights, while leaving many other stocks -- possibly in your portfolio -- in the dust. It is hard to watch others make boatloads of money, but it is in this moment that disciplined, contrarians can make investments that set them up for success through the market cycle.

I would never promise that a stock can go up 10-fold within a year. If anyone tries to sell you this story, run the other way. What you can find are stocks with the potential to deliver multibagger returns over a decade, if you buy at a low price when the business is primed for growth. Here are two small-cap stocks that could turn a $5,000 investment into $50,000 over the course of a decade.

Image source: Getty Images.

1. Remitly's market share gains First up is Remitly Global (RELY +1.44%). The company, with a market cap of just $4.2 billion, is attacking the global remittance market and gaining market share rapidly. It is doing so by building an easy-to-use mobile application for senders with many pick-up options for recipients around the globe, alongside relatively low fees and new products layered on top.

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Remitly's send volume increased 37% year over year last quarter to $22 billion, while revenue rose 25% to $453 million. The company has continued to attract individuals in its core send markets, from the U. S. to Mexico and India, while also expanding rapidly into new areas and offering remittance services for small businesses.

These expansion efforts are broadening Remitly's total addressable market, which should bring revenue growth for years to come. At the same time, Remitly's profit margins and widening, posting a net income margin of 11% last quarter. Combine these two factors with Remitly's small market cap, and the stock has huge multibagger potential.

2. Wix's dirt cheap valuation Wix (WIX +0.14%) is a stock deemed an artificial intelligence (AI) loser in a big way. The company founded its business on no-code website building, which Wall Street believes will be disrupted by the artificial intelligence (AI) models like Anthropic's Claude.

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This has not yet shown up in Wix's financial performance. Last quarter, revenue rose 14% year over year to $541 million, with solid growth across all product segments. Importantly, its recent acquisition of Base44 -- an AI-powered mobile app builder -- has just crossed $150 million in annual recurring revenue (ARR). A year ago at this time, Base44 was generating almost no revenue.

It is this explosion in revenue that should have investors thinking Wix is a potential AI winner, not loser. On last year's conference call, management discussed how the company has already trained its own language model for its AI-powered website builder called Wix Harmony, which is seeing increased usage among customers. With a large data set from its long history as a website-building platform, Wix has the opportunity to build the best AI website creation tool as well.

Right now, Wix is not profitable on a GAAP (generally accepted accounting principles) basis due to recent heavy investments in growth, including two major NFL game ads. However, it trades at a market cap of just $2.2 billion, while revenue is $2 billion. If it can keep growing at a double-digit percentage rate and see a recovery in its profit profile as the AI boom matures, Wix stock has great multibagger potential.

RELY Revenue (TTM) data by YCharts

Why do both stocks have multibagger potential? Finding potential multibagger stocks doesn't require chasing the hottest names like Micron Technology after they have already soared. You want to find stocks with small market caps, a long growth runway, and a low starting valuation.

That describes both Remitly Global and Wix perfectly, and it's why they should make perfect additions to any investor's portfolio today.

Remitly was once deeply unprofitable, but its profits are now soaring. Its user growth, AI upgrades, and expanding ecosystem are boosting its margins.

If you've ever wired money overseas, you know it's not nearly as easy as using fintech platforms like Zelle or PayPal's (PYPL 0.70%) Venmo within the U.S. Indeed, moving money beyond the United States' border can be surprisingly complicated and time-consuming; these transactions are highly regulated.

Nevertheless, the need is there, with some estimates putting the outbound (from the U.S.) amount alone at around $200 billion per year.

Enter Remitly Global (RELY +1.44%).

Image source: Getty Images.

Launched in 2012, the company got off to a seemingly slow start as an international remittance middleman between the United States and other parts of the world. Chalk it up to the newness of the premise, mostly. At that point, bank wires and platforms like Western Union (WU +1.43%) were the established option, despite steep fees and slow turnaround times. This market wasn't quite ready for a mobile app then, and, to be fair, Remitly's earliest app iteration wasn't nearly as capable as it is today. Now, its platform can send money to and from over 175 countries.

And it's increasingly doing just that at an accelerating growth pace.

Well-earned growth Remitly's recent results speak volumes about the fintech company's growing reach. Last quarter, 9.6 million customers used the Remitly app to send $22.1 billion across borders, generating nearly $453 million in revenue for the company. Those numbers are up 20%, 37%, and 25% (respectively) year over year, extending last year's top-line growth of 29%. The company's now firmly profitable too, improving its quarterly net income by 332%, from $11.4 million in Q1 of last year to $49.1 million for the three months ending in March.

What's driving this progress? Simplicity, mostly. Sending money across any border still requires extensive disclosure and permissions. Remitly just builds much of this logistical work into the app itself, without the need for a brick-and-mortar station to assist customers with the process.

The company also enjoys scale and can afford to cost-effectively handle the currencies that its customers may need to convert money to or from, and passes along these savings to its users.

More than anything, the app just works, earning 4.9 stars in Apple's App Store and 4.8 stars on Android. Remitly's platform reliably -- and easily -- does what consumers have struggled to efficiently get done before.

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There's plenty more upside ahead, too. Mordor Intelligence suggests the worldwide remittance industry is poised to grow at an average annualized rate of 12.4% through 2031. It's an evolving business; however, that's also ripe for disruption by a new information technology name like Remitly.

Analysts see something most investors don't yet So, yes, Remitly stock could be a long-term winner. Just note that the stock's been stagnant since early 2022, shortly after peaking in 2021 following its IPO. Most investors remain on the fence. They'll need to get on board if the stock's going to climb.

Analysts aren't undecided, though. All of them covering this stock rate it a strong buy, with a consensus price target of $28.25 -- which is 50% above this ticker's present price. That's not a bad way to start out a new trade.

James Brumley has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Apple, and PayPal. The Motley Fool recommends the following options: short June 2026 $50 calls on PayPal. The Motley Fool has a disclosure policy.

Remitly Global, Inc. (RELY) Presents at Bank of America Global Research C-Suite TMT Conference Transcript

DigitalBridge Group (NYSE: DBRG - Get Free Report) and AFC Gamma (NASDAQ: AFCG - Get Free Report) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, earnings, institutional ownership, risk, valuation, dividends and profitability. Volatility and Risk DigitalBridge Group has a beta

NEW YORK, March 18, 2026 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased DigitalBridge Group, Inc. ("DigitalBridge " or the "Company") (NYSE: DBRG.PRH) Preferred Stock  prior to December 28, 2025 . You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the acquisition of DigitalBridge by SoftBank Group Corp. As a result of the merger, DigitalBridge preferred stockholders will not receive cash, and instead will remain a preferred stockholder of the surviving company.

BOCA RATON, Fla. & TOKYO--(BUSINESS WIRE)-- #digitalbridge--DigitalBridge Group, Inc. (NYSE: DBRG) ("DigitalBridge"), a leading global investor in digital infrastructure, and Japan Extensive Infrastructure, Limited ("JEXI") today announced the completion of the acquisition of select data center assets from NEC Corporation (“NEC”) by their respective affiliated funds. Following completion of the transaction, the data center assets will be operated as a new standalone platform. NEC will remain as the anchor custo.

Posted by Defense World Staff on Apr 10th, 2026

Aberdeen Group plc cut its position in shares of DigitalBridge Group, Inc. (NYSE:DBRG – Free Report) by 36.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 180,352 shares of the company’s stock after selling 102,880 shares during the quarter. Aberdeen Group plc owned 0.10% of DigitalBridge Group worth $2,767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of DigitalBridge Group in the second quarter worth $1,868,000. Gateway Wealth Partners LLC purchased a new stake in shares of DigitalBridge Group in the third quarter valued at $5,483,000. Sarasin & Partners LLP purchased a new stake in shares of DigitalBridge Group in the third quarter valued at $1,886,000. Nordea Investment Management AB grew its position in shares of DigitalBridge Group by 24.1% in the third quarter. Nordea Investment Management AB now owns 332,414 shares of the company’s stock valued at $3,849,000 after purchasing an additional 64,474 shares during the period. Finally, DAVENPORT & Co LLC grew its position in shares of DigitalBridge Group by 15.4% in the third quarter. DAVENPORT & Co LLC now owns 1,500,110 shares of the company’s stock valued at $17,701,000 after purchasing an additional 200,110 shares during the period. 92.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades DBRG has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research report on Tuesday, December 30th. B. Riley Financial downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $20.00 to $16.00 in a research report on Tuesday, December 30th. TD Cowen downgraded DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Tuesday, December 30th. Raymond James Financial downgraded DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings raised DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, DigitalBridge Group has an average rating of “Hold” and an average price target of $16.00.

View Our Latest Report on DBRG

DigitalBridge Group Price Performance Shares of NYSE DBRG opened at $15.58 on Friday. DigitalBridge Group, Inc. has a 1-year low of $7.09 and a 1-year high of $15.58. The business has a 50-day moving average of $15.41 and a 200-day moving average of $13.68. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 34.61 and a beta of 1.61.

DigitalBridge Group Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.01 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. DigitalBridge Group’s payout ratio is 8.89%.

About DigitalBridge Group (Free Report)

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

Recommended Stories Five stocks we like better than DigitalBridge Group Want to see what other hedge funds are holding DBRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DigitalBridge Group, Inc. (NYSE:DBRG – Free Report).

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Posted by Defense World Staff on Apr 23rd, 2026

DigitalBridge Group (NYSE:DBRG – Get Free Report) is anticipated to post its Q1 2026 results before the market opens on Thursday, April 30th. Analysts expect DigitalBridge Group to post earnings of $0.04 per share and revenue of $103.00 million for the quarter. Individuals may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, April 30, 2026 at 8:00 AM ET.

DigitalBridge Group Stock Performance NYSE DBRG opened at $15.61 on Thursday. The stock has a 50-day simple moving average of $15.44 and a two-hundred day simple moving average of $13.92. The firm has a market capitalization of $2.86 billion, a P/E ratio of 34.68 and a beta of 1.61. DigitalBridge Group has a fifty-two week low of $8.08 and a fifty-two week high of $15.65.

DigitalBridge Group Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, March 31st. DigitalBridge Group’s payout ratio is currently 8.89%.

Hedge Funds Weigh In On DigitalBridge Group Institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its holdings in DigitalBridge Group by 305.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,760 shares of the company’s stock worth $27,000 after buying an additional 1,326 shares during the last quarter. Quarry LP boosted its holdings in DigitalBridge Group by 1,467.2% in the 4th quarter. Quarry LP now owns 2,053 shares of the company’s stock worth $31,000 after buying an additional 1,922 shares during the last quarter. Captrust Financial Advisors acquired a new stake in DigitalBridge Group in the 2nd quarter worth about $109,000. Russell Investments Group Ltd. boosted its holdings in DigitalBridge Group by 239.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,373 shares of the company’s stock worth $118,000 after buying an additional 8,022 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in DigitalBridge Group by 12.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,746 shares of the company’s stock worth $122,000 after buying an additional 1,309 shares during the last quarter. Hedge funds and other institutional investors own 92.69% of the company’s stock.

Wall Street Analyst Weigh In Several brokerages recently weighed in on DBRG. Keefe, Bruyette & Woods lifted their price target on DigitalBridge Group from $13.50 to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, December 30th. Raymond James Financial lowered DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a research note on Tuesday, January 27th. TD Cowen lowered DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a research note on Tuesday, December 30th. Weiss Ratings upgraded DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada lowered DigitalBridge Group from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $23.00 to $16.00 in a research note on Tuesday, December 30th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.00.

Check Out Our Latest Report on DBRG

DigitalBridge Group Company Profile (Get Free Report)

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

See Also Five stocks we like better than DigitalBridge Group

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Posted by Defense World Staff on Apr 24th, 2026

Shares of DigitalBridge Group, Inc. (NYSE:DBRG – Get Free Report) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

A number of brokerages recently weighed in on DBRG. Truist Financial began coverage on shares of DigitalBridge Group in a report on Tuesday, March 31st. They set a “buy” rating and a $16.00 target price for the company. Keefe, Bruyette & Woods raised their target price on shares of DigitalBridge Group from $13.50 to $16.00 and gave the stock a “market perform” rating in a report on Tuesday, December 30th. Raymond James Financial cut shares of DigitalBridge Group from a “strong-buy” rating to an “underperform” rating in a report on Tuesday, January 27th. TD Cowen cut shares of DigitalBridge Group from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Tuesday, December 30th. Finally, Weiss Ratings upgraded shares of DigitalBridge Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, March 2nd.

Read Our Latest Analysis on DigitalBridge Group

DigitalBridge Group Stock Performance Shares of NYSE:DBRG opened at $15.61 on Friday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 34.68 and a beta of 1.61. DigitalBridge Group has a 1-year low of $8.08 and a 1-year high of $15.65. The company has a 50 day moving average price of $15.45 and a 200 day moving average price of $13.93.

DigitalBridge Group Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, March 31st. DigitalBridge Group’s dividend payout ratio (DPR) is presently 8.89%.

Institutional Trading of DigitalBridge Group A number of large investors have recently added to or reduced their stakes in DBRG. CWM LLC boosted its stake in DigitalBridge Group by 2.5% in the 3rd quarter. CWM LLC now owns 31,239 shares of the company’s stock worth $365,000 after purchasing an additional 755 shares during the period. Stoneridge Investment Partners LLC boosted its stake in shares of DigitalBridge Group by 7.9% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 14,153 shares of the company’s stock valued at $166,000 after buying an additional 1,037 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of DigitalBridge Group by 3.0% during the 4th quarter. Handelsbanken Fonder AB now owns 37,500 shares of the company’s stock valued at $575,000 after buying an additional 1,100 shares during the period. Cetera Investment Advisers boosted its stake in shares of DigitalBridge Group by 4.4% during the 4th quarter. Cetera Investment Advisers now owns 28,921 shares of the company’s stock valued at $444,000 after buying an additional 1,214 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of DigitalBridge Group by 2.4% during the 3rd quarter. Arizona State Retirement System now owns 52,115 shares of the company’s stock valued at $610,000 after buying an additional 1,244 shares during the period. 92.69% of the stock is currently owned by institutional investors.

DigitalBridge Group Company Profile (Get Free Report)

DigitalBridge Group, Inc (NYSE: DBRG) is a specialized global investment firm focused exclusively on digital infrastructure. The company originates, acquires, and manages a diversified portfolio of businesses that support the digital economy, including data centers, cell towers, small cells, fiber networks, edge infrastructure and related services. DigitalBridge seeks to generate sustainable, long-term returns for its investors by deploying capital into high-growth sectors driven by increasing data consumption, 5G deployment and cloud adoption.

Through its dedicated investment platforms, DigitalBridge provides equity and debt financing solutions to operators and owners of digital infrastructure assets.

Read More Five stocks we like better than DigitalBridge Group

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BOCA RATON, Fla.--(BUSINESS WIRE)-- #digitalbridge--DigitalBridge Group, Inc. (NYSE: DBRG) (the “Company”) today announced two of its subsidiaries, DigitalBridge Issuer, LLC and DigitalBridge Co-Issuer, LLC (together, the “Co-Issuers”) have priced an offering of $300 million aggregate principal amount of Series 2026-1 6.326% Secured Fund Fee Revenue Notes, Class A-2 (the “Class A-2 Notes”). Interest payments on the Class A-2 Notes are payable on a quarterly basis. The anticipated repayment date of the Class A-2.

BUNNIK, Netherlands--(BUSINESS WIRE)--A vehicle controlled by DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) and Aberdeen Investments has acquired Equans' asset-based e-mobility activities in the Netherlands. The business specialises in delivering reliable, scalable, and sustainable e-mobility infrastructure. As part of the transaction, the business will be transferred to an entity controlled by DigitalBridge and Aberdeen Investments and will operate under the new name Velian. The new.

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BOCA RATON, Fla.--(BUSINESS WIRE)-- #digitalbridge--DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the “Company”), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced the appointments of Brent Mayo as Managing Director, Investment Management focused on Data Centers, and Nicholas Beatty as Operating Partner focused on electrification and energy transition. The two appointments reflect DigitalBridge's accelerating focus on the convergence of dig.