In a report released today, Scott Berg from Needham maintained a Buy rating on Global-e Online, with a price target of $47.00.
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Scott Berg has given his Buy rating due to a combination of factors including accelerating growth and improving profitability metrics at Global-e Online. He highlights that gross merchandise value expanded at a faster pace in the latest quarter, supported by stronger same-store performance and increasing contributions from Shopify Managed Markets and Duty Drawback, while the overall take rate remained stable and margins reached record levels despite seasonal headwinds.
He also underscores that new customer wins and their subsequent scaling continue to track well, and he places particular emphasis on management’s outlook for a more robust revenue ramp from Shopify Managed Markets in the second half of the year, which he believes is not yet fully reflected in the current share price. In line with these positives, full-year 2026 guidance was increased, and Berg maintains his price target at $47, reinforcing his conviction that the stock offers attractive upside from present levels.
Berg covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Amplitude, and Five9. According to TipRanks, Berg has an average return of -9.6% and a 34.46% success rate on recommended stocks.
In another report released today, Morgan Stanley also maintained a Buy rating on the stock with a $37.00 price target.