Global-e Online (GLBE – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst James Faucette from Morgan Stanley maintained a Buy rating on the stock and has a $46.00 price target.
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James Faucette has given his Buy rating due to a combination of factors that suggest a positive outlook for Global-e Online. The company is expected to report strong first-quarter results, with website visits to its merchants showing significant growth, indicating robust consumer demand. This performance is supported by the strength in net new merchant GMV, which provides confidence in the company’s market position.
Despite some challenges such as tariffs, customer disruptions, and bankruptcies, Faucette remains optimistic. He believes that the market may be underestimating the impact of tariffs, yet the company’s value proposition remains strong. The expectation is that Global-e Online will likely maintain its 2025 outlook, even with these challenges, due to the solid performance indicators observed in the first quarter.
Faucette covers the Technology sector, focusing on stocks such as Endava, Block, and Shift4 Payments. According to TipRanks, Faucette has an average return of 5.4% and a 64.79% success rate on recommended stocks.