Global-E Online (GLBE) Reiterated at Market Outperform by Citizens Amid GMV Acceleration

Citizens analyst Patrick Walravens reiterated a Market Outperform rating and $64.00 price target on Global-E Online Ltd (NASDAQ: GLBE).

The analyst commented, "We maintain our Market Outperform rating and $64 price target on Global-E Online (GLBE), after the company reported better-than-expected 2Q26 results with GMV of $2.09B (consensus $1.98B), up 44% y/y an acceleration from 40% last quarter, a take rate of 14.3%, down from 14.5% last quarter, revenue of $299M (consensus $283M), up 39% y/y and up from 33% last quarter, adjusted EBITDA of $62M (consensus $57M) and adjusted EBITDA margin of 21% (consensus 20%), and lastly free cash flow of $73M missing the consensus of $77M with commentary indicating that Managed Markets is a “long-term play” – all of which left the stock down 1% at the close and up 7% year-to-date vs. an increase of 13% for the Russell 3000."

For an analyst ratings summary and ratings history on Global-E Online Ltd click here. For more ratings news on Global-E Online Ltd click here.

Shares of Global-E Online Ltd closed at $40.55 yesterday.

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