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On Thursday, JMP analysts upheld their Market Outperform rating for Global-E Online Ltd (NASDAQ:GLBE) with a steady price target of $64.00. This affirmation follows the company’s first-quarter earnings report, which revealed figures that mostly exceeded market expectations. According to InvestingPro data, the stock has experienced significant volatility recently, with shares down nearly 37% year-to-date, despite maintaining a market capitalization of $5.8 billion.
Global-E, a prominent player in the cross-border e-commerce solutions sector, posted an adjusted EBITDA of $31.6 million, slightly above the consensus forecast of $31.3 million. The adjusted EBITDA margin stood at 17%, in line with projections but represented a decrease from the previous quarter’s 22%. Additionally, the non-GAAP gross margin reached 46.6%, surpassing the anticipated 45.3%. InvestingPro analysis reveals strong financial health indicators, with the company maintaining a healthy current ratio of 2.47 and more cash than debt on its balance sheet.
The company’s revenue for the quarter was reported at $190 million, a 30% year-over-year increase, and marginally higher than the consensus estimate of $188 million. However, this growth rate showed a deceleration from the 42% year-over-year rise observed in the previous quarter. The Gross Merchandise Volume (GMV) grew by 34%, which was also slightly above the consensus of 33%, but marked a slowdown from the 44% growth rate in the last quarter. The take rate remained steady at 15.3%, consistent with the preceding quarter’s figures.
JMP’s continued confidence in Global-E stock is based on the company’s performance, which, despite some slowdown in growth rates, still demonstrates solid financial health and a competitive edge in the e-commerce sector. The $64 price target suggests that JMP analysts see potential for the stock to grow in value and maintain a positive outlook on its future performance. InvestingPro subscribers can access 12 additional key insights about GLBE, including detailed valuation metrics and growth forecasts, through the comprehensive Pro Research Report available for this stock.
In other recent news, Global-E Online Ltd reported impressive first-quarter results for 2025, exceeding expectations with adjusted earnings of $31.6 million, a significant increase from $21.3 million the previous year. The company’s revenue surged by 30% year-over-year to $189.9 million, bolstered by a 34% rise in gross merchandise value to $1.24 billion. Despite macroeconomic challenges, Global-E maintained its full-year guidance, projecting revenue between $917 million and $967 million and adjusted EBITDA of $179 million to $199 million. Additionally, Global-E announced a new 3-year strategic partnership with Shopify (NASDAQ:SHOP), renewing their collaboration for managed markets and third-party solutions. Analyst Brian Peterson from Raymond (NSE:RYMD) James adjusted the company’s price target to $55, down from $60, while maintaining an Outperform rating. Peterson noted that the company’s decision to uphold its full-year outlook might present challenges for investors, although he emphasized Global-E’s strong market position and growth potential. For the second quarter of 2025, Global-E anticipates revenue between $204 million and $211 million and adjusted EBITDA of $35 million to $39 million.
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