JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Investing.com - Raymond James has lowered its price target on Global-E Online Ltd (NASDAQ:GLBE) to $50.00 from $55.00 while maintaining an Outperform rating on the stock. Currently trading at $31.06, the stock has experienced a significant decline of -11.69% over the past week, according to InvestingPro data.
The price target adjustment follows Global-E Online’s second-quarter 2025 results, which showed broad-based upside but included a second-half 2025 outlook slightly below consensus expectations. The company maintains strong fundamentals with a current ratio of 2.57 and minimal debt-to-equity of 0.03, as reported by InvestingPro.
Despite the lowered outlook, Raymond James noted that Global-E Online achieved 34% GMV (Gross Merchandise Value) growth amid challenging macroeconomic conditions and a large customer outage, demonstrating the appeal of the company’s business model.
The firm described Global-E Online as having "one of the more open-ended growth stories" in its coverage universe, viewing the risk/reward profile as compelling with shares trading at approximately 20 times Raymond James’ 2026 estimated free cash flow.
Raymond James acknowledged investor concerns about the company’s reduced outlook, particularly in light of strong results from Shopify and an approximately $1 million impact from merger and acquisition activity.
In other recent news, Global-E Online reported its second-quarter 2025 financial results, revealing revenue of $215 million, which surpassed consensus estimates of $208 million. This performance represented a 28% year-over-year increase, although it showed a slight deceleration from the previous quarter’s 30% growth. The company also achieved GAAP profitability with a net profit of $10.5 million for the quarter. In light of these results, Global-E Online has raised its full-year guidance, demonstrating confidence in its continued growth trajectory. For the upcoming third quarter of 2025, the company projects Gross Merchandise Value (GMV) between $1,455 million and $1,495 million, with revenue expected to range from $214 million to $221 million. JMP Securities has reiterated its Market Outperform rating and maintained a $64.00 price target on Global-E Online, reflecting the positive outlook.
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