Analyst Scott Berg of Needham reiterated a Buy rating on Global-e Online (GLBE – Research Report), boosting the price target to $64.00.
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Scott Berg has given his Buy rating due to a combination of factors that highlight the company’s strong financial performance and future potential. Global-e Online reported an impressive quarter with significant top-line growth and gross merchandise volume (GMV) increase. Notably, the company achieved its highest adjusted EBITDA margin, which is a strong indicator of its operational efficiency.
Despite slightly conservative guidance for 2025 that fell short of market expectations, Berg remains optimistic. He acknowledges the potential impacts of tariffs and lower take rates but is encouraged by Global-e Online’s capacity to maintain robust GMV growth, signaling confidence in the company’s long-term value. Berg believes the company’s ability to navigate the complexities of tariffs will ultimately enhance its platform’s attractiveness over time.
In another report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $68.00 price target.