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Investing.com - JMP Securities has reiterated its Market Outperform rating and $64.00 price target on Global-E Online Ltd (NASDAQ:GLBE), a leading cross-border e-commerce solution provider, following the company’s second-quarter 2025 results. According to InvestingPro data, the stock currently trades at an EV/EBITDA multiple of 42.7x, with analysts maintaining a strong buy consensus.
Global-E Online reported revenue of $215 million for the quarter, exceeding consensus estimates of $208 million and representing 28% year-over-year growth. This marked a slight deceleration from the 30% year-over-year growth recorded in the previous quarter. The company maintains strong financial health with a current ratio of 2.47x and holds more cash than debt on its balance sheet, as highlighted by InvestingPro analysis.
The company’s adjusted EBITDA reached $38.5 million, surpassing analyst expectations of $37.3 million, while adjusted EBITDA margin improved to 18% from 17% in the previous quarter, matching consensus estimates.
Global-E’s gross merchandise value (GMV) grew by 34% year-over-year, exceeding consensus projections of 30% and maintaining the same growth rate as the previous quarter. The company’s non-GAAP gross margin came in at 45.5%, slightly below the consensus estimate of 45.9%.
The company’s take rate, which measures revenue as a percentage of GMV, decreased to 14.8% from 15.3% in the previous quarter, according to JMP analyst Patrick Walravens.
In other recent news, Global-E Online reported its second-quarter 2025 earnings, showcasing a 28% year-over-year increase in revenue, reaching $215 million and surpassing the consensus estimate of $208 million. The company achieved GAAP profitability with a net profit of $10.5 million. This performance has led Global-E Online to raise its full-year guidance, reflecting confidence in sustained growth. For the third quarter of 2025, the company projects its Gross Merchandise Value to be between $1,455 million and $1,495 million, with revenue expected to fall between $214 million and $221 million. In addition to these financial results, JMP Securities reiterated its Market Outperform rating on Global-E Online, maintaining a price target of $64.00. The company’s recent performance indicates a slight deceleration in revenue growth compared to the previous quarter. These developments highlight Global-E Online’s strong position in the cross-border e-commerce sector.
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