Global-e Online (GLBE – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Samad Samana from Jefferies maintained a Buy rating on the stock and has a $66.00 price target.
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Samad Samana’s rating is based on a combination of factors that highlight Global-e Online’s potential for growth despite some uncertainties. The company’s management has set a reasonable guidance for 2025, which, although conservative, aligns with market expectations and reflects a cautious approach to navigating macroeconomic challenges and tariff-related uncertainties. This conservative guidance is seen as a strategic move to manage investor expectations and maintain stability.
Additionally, the company’s financial forecasts, including a significant year-over-year growth in Gross Merchandise Volume (GMV) and revenue, support a positive outlook. The anticipated growth in services and fulfillment revenue, alongside a slightly higher-than-consensus adjusted EBITDA, further strengthens the case for a Buy rating. While the impact of tariffs remains a concern, the consistent cross-border volumes reported by Shopify provide some reassurance. Overall, the valuation reflects current uncertainties, but the potential for better-than-expected results offers a promising opportunity for investors.
Samana covers the Technology sector, focusing on stocks such as HubSpot, ServiceNow, and Shopify. According to TipRanks, Samana has an average return of 5.4% and a 50.24% success rate on recommended stocks.
In another report released today, Benchmark Co. also maintained a Buy rating on the stock with a $55.00 price target.