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On Wednesday, Citizens JMP analysts maintained a Market Outperform rating for Global-E Online Ltd (NASDAQ:GLBE) with a steady price target of $64.00, representing significant upside from the current price of $36.73. The firm highlighted Global-E’s dominant position in the cross-border e-commerce sector and its potential for long-term capital growth. According to the analysts, Global-E leads the market, servicing many prestigious brands such as Victoria’s Secret, Adidas (OTC:ADDYY), LVMH (EPA:LVMH), and Harrods, and partners like Shopify (NYSE:SHOP) and DHL. InvestingPro data shows analyst targets ranging from $54 to $67, with a strong consensus recommendation of 1.54 (where 1 is a Strong Buy).
The analysts emphasized the company’s access to a large total addressable market (TAM) estimated at $1.1 trillion. This TAM suggests a $154 billion opportunity, assuming a 14% take rate. The firm is confident in the company’s financial model, projecting a revenue growth of 25% in 2025 alongside a 23% free cash flow margin and GAAP earnings per share (EPS) of $0.29. According to InvestingPro data, the company has demonstrated strong execution with revenue growth of 32% in the last twelve months, reaching $753 million. While currently not profitable, analysts expect the company to turn profitable this year.
Citizens JMP’s endorsement of Global-E’s leadership was also clear, with specific praise for the roles of co-Founder and CEO Amir Schlachet, Co-Founder & President Nir Debbi, and CFO Ofer Koren. The analysts believe this strong leadership is a key component of the company’s success.
Global-E’s strategic partnerships have been instrumental in its growth, with collaborations that extend its reach and enhance its service offerings. The company’s relationship with Shopify and DHL, in particular, is seen as a significant advantage in the competitive e-commerce landscape.
Overall, the analysts at Citizens JMP are optimistic about Global-E’s trajectory, citing its uncontested leadership, large market opportunity, attractive financial model, and strong management team as reasons for their positive outlook. The $64.00 price target reflects their confidence in the company’s ability to capitalize on these strengths for substantial growth. InvestingPro analysis indicates the stock is currently undervalued, with additional metrics showing a healthy balance sheet with more cash than debt and liquid assets exceeding short-term obligations. For deeper insights into Global-E’s valuation and 13 additional ProTips, subscribers can access the comprehensive Pro Research Report available on the platform.
In other recent news, Global-E Online Ltd has been the focus of several analyst updates following its fourth-quarter results. Needham analyst Scott Berg raised the company’s price target to $64, citing strong top-line growth of 42% and a 44% increase in Gross Merchandise Value (GMV) for the quarter. Despite this positive performance, the company’s stock saw a decline due to its 2025 revenue and GMV projections being slightly below Wall Street expectations. UBS and Benchmark both adjusted their price targets to $64, maintaining Buy ratings, as they noted concerns about the company’s future take rate and the potential impact of tariffs.
Raymond (NSE:RYMD) James also revised its price target, increasing it to $60, while acknowledging the company’s conservative 2025 guidance amid market dynamics like tariffs and growth deceleration in Managed Markets. Citizens JMP maintained a Market Outperform rating with a $64 target, emphasizing Global-E’s strong position in the cross-border e-commerce sector and its innovative use of artificial intelligence. Despite some cautious forecasts, analysts generally express optimism about Global-E’s long-term growth prospects, highlighting its expanding merchant base and strategic innovations. These developments reflect a mixed but overall positive outlook for Global-E Online, as analysts weigh strong recent performance against future challenges.
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