Needham analyst Scott Berg maintained a Buy rating on Global-e Online today and set a price target of $40.00.
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Scott Berg has given his Buy rating due to a combination of factors, including the anticipation of Global-e Online’s third-quarter results showing modest upside. Despite potential macroeconomic challenges, recent retail and e-commerce sales have generally surpassed expectations, indicating that any negative impact may be minimal.
Berg also notes that concerns about tariffs and di minimis thresholds are less significant, and the influence of Shopify Managed Markets on take rates and merchant behavior appears to be minimal. Additionally, the continued progress in the Multi-Local segment is seen as a positive factor, along with the potential for a slight increase in the fiscal year 2025 guidance.