Global-e Online price target lowered to $64 from $68 at UBS

UBS lowered the firm’s price target on Global-e Online (GLBE) to $64 from $68 and keeps a Buy rating on the shares. The firm views the headline 2025 gross merchandise value guidance as solid vs. expectations going into the release, but the implied take rate guide at 40-50 basis points below prior Street consensus driven by expected tariffs impact fueled market fear of further impact of tariffs on both GMV and take rate, the analyst tells investors in a research note. The firm believes the ~25% decline in share price over the two days following the Q4 release primarily reflects market concerns around the near-term uncertainty rather than on the longer term growth and profitability of the business.