Analyst James Faucette from Morgan Stanley maintained a Buy rating on Global-e Online and keeping the price target at $46.00.
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James Faucette has given his Buy rating due to a combination of factors that suggest Global-e Online is poised for growth despite current challenges. The company faces a tricky setup with ongoing tariff volatility and customer disruptions, yet it is expected to benefit from recent enterprise merchant wins. These wins, including partnerships with notable brands like Victoria’s Secret and Harrod’s, are anticipated to contribute to a stable same-store-sales environment and provide an annualization benefit that could enhance net dollar retention.
Furthermore, while the second half of the year presents a tougher comparison, the expected growth in gross merchandise volume (GMV) from new merchant signings is likely to align with the company’s full-year outlook. This suggests that Global-e Online can achieve its projected GMV outcomes even under challenging conditions. Faucette’s analysis indicates that the company’s transaction-driven model, particularly in the luxury and apparel sectors, remains robust, supporting the Buy rating.
GLBE’s price has also changed dramatically for the past six months – from $62.580 to $32.780, which is a -47.62% drop .