Analyst Scott Berg of Needham maintained a Buy rating on Global-e Online (GLBE – Research Report), retaining the price target of $64.00.
Scott Berg has given his Buy rating due to a combination of factors that highlight Global-e Online’s promising future. The company has shown a strong market opportunity with the potential for sustained growth exceeding 20% in revenue, supported by improving profitability metrics. The anticipated increase in adoption of Global-e’s multi-local offerings in 2025 is expected to drive growth as brands look for innovative distribution methods and ways to counteract rising tariffs.
Additionally, the expansion into new channels such as SHOP Managed Markets, B2B, and value-added services presents new growth opportunities that are not yet fully reflected in the company’s financial projections for 2028. The successful execution of Global-e’s partner strategy, along with new involvement from Global System Integrators (GSIs), is likely to support the next phase of growth. The company’s 2028 financial targets suggest a robust Rule of 40 profile, with a projected $1 billion in free cash flow, providing flexibility in capital allocation strategies.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $64.00 price target.
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