Forecast: 2 Stocks Expected to Surpass IonQ's Value in 5 Years
Quantum Computing Stocks vs. Traditional Growth Stocks: IonQ and other quantum computing stocks have seen significant price increases but lack fundamental value, making them risky investments compared to companies like Remitly and Portillo's, which are expected to outperform IonQ in the next five years due to stronger financial performance.
Remitly's Growth Potential: Despite recent stock declines, Remitly has shown robust growth with a 34% year-over-year revenue increase and is becoming profitable, positioning itself as a strong competitor against traditional remittance services.
Portillo's Expansion Plans: Portillo's, a restaurant chain, is expanding its presence in new markets despite current challenges, and is expected to grow significantly in the coming years, with a solid financial performance compared to IonQ.
Investment Recommendation: The article advises investors to consider Remitly and Portillo's for their portfolios while avoiding IonQ and other quantum computing stocks due to their speculative nature and lack of profitability.
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Remitly Global's Growth and Market Outlook Analysis
- Significant Revenue Growth: Remitly's revenue increased by 25% to $419.5 million, with a 35% rise in send volume to 19.5 million transactions, indicating a strategic shift to expand market share despite a lower take rate.
- Improved Profitability: The company reported a net income of $8.8 million in Q3, achieving profitability under GAAP, although margins remain minimal, highlighting ongoing challenges in cost management.
- Future Growth Expectations: At its Investor Day, Remitly forecasted high teens revenue growth for 2026, projecting revenues of $2.6 billion to $3 billion by 2028, implying a 20% compound annual growth rate over the next three years.
- Attractive Market Valuation: With a market cap of $2.9 billion, Remitly's stock trades at just 5 times its 2028 EBITDA forecast, suggesting potential for stock recovery if targets are met, making it an appealing option for investors.

Remitly Rapidly Expands in the Remittance Market
- Market Potential: Remitly's rapid growth in the remittance market is evident as its revenue increased by 25% to $419.5 million in 2023, showcasing its strong competitive position in a global remittance market worth hundreds of billions annually.
- Profitability Improvement: Despite challenges, Remitly achieved a net income of $8.8 million in Q3, marking its first profitability under GAAP standards, indicating a gradual improvement in its margins.
- Future Growth Outlook: The company forecasts revenue to reach between $2.6 billion and $3 billion by 2028, implying a compound annual growth rate of 20%, reflecting strong long-term growth potential and market confidence.
- Product Innovation Drive: The launch of the Remitly One subscription service, which includes features like 'send now, pay later', further expands its market and enhances customer loyalty, demonstrating the company's strategic focus on product diversification.









