Global-E Online Ltd (GLBE) PT Raised to $47 at Truist Securities

Truist Securities analyst Matthew Coad raised the price target on Global-E Online Ltd (NASDAQ: GLBE) to $47.00 (from $41.00) while maintaining a Buy rating.

The analyst commented: "Following its 2Q26 earnings release, we are updating our Global-e model, increasing our estimates across KPIs in the LSD to MSD range partially due to the strong 1H outperformance from elevated same store sales growth and better-than-expected volume contribution from recent new merchant additions. Our forecasts are mostly above consensus, with the exception of diluted EPS near-term, as we don’t believe the Street is modeling in Passport’s share dilution yet (as well as the closing costs). With the upward revisions to our estimates, we are raising our price target slightly to $47 (from $41 previously). Our revised $47 price target is based on 26x our 2027 adjusted EPS estimate (which includes stockbased compensation as an expense) and compares to an expected +40% YoY EPS growth in 2028 (i.e., a 0.7x PEG ratio)."

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