Benchmark Reiterates Buy Rating on Global-E Online Ltd (GLBE)

Benchmark analyst Mark Zgutowicz reiterated a Buy rating and $52.00 price target on Global-E Online Ltd (NASDAQ: GLBE).

The analyst commented, "GLBE’s Early Nov. through BFCM growth of +37% is suggestive of potential 4QE GMV outperformance (see Fig. 1 below). The results imply ~350bps outperformance to 4QE consensus GMV (~+460bps of outperformance to 4QE GMV y/y growth) if GLBE can match 4Q24 reported GMV to Nov. thru CM y/y growth ratio of 0.98x (vs. current implied .85x). Also supportive is GLBE partner Shopify’s (SHOP: Buy) commentary that its cross border orders were consistent with its 16% of total global order mix in 4Q24. Regardless of the potential suggested upside to GLBE 4Q GMV, this data suggests at least a comfortable meet/modest exceed to 4QE GMV."

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 $41.21 yesterday.

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