Morgan Stanley analyst James Faucette maintained a Buy rating on Global-e Online today and set a price target of $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 well-positioned for growth. The company is expected to deliver strong third-quarter results, with gross merchandise volume (GMV) potentially exceeding expectations, despite minor headwinds from Marks & Spencer and other factors proving less impactful than anticipated. Additionally, the company’s visibility into its launch pipeline and the execution of new merchant GMV in the second half of 2025 is better than many investors realize, which could drive further growth.
Furthermore, Global-e Online’s valuation appears attractive, with significant potential for revenue, free cash flow, and earnings per share growth from 2025 to 2027. The market may not fully appreciate the company’s growth durability and the potential for take rate acceleration through value-added services and AI-driven efficiencies. If the company can demonstrate stable and potentially accelerating take rates, it could lead to a re-rating of its shares, supporting the Buy recommendation.
In another report released yesterday, Benchmark Co. also reiterated a Buy rating on the stock with a $52.00 price target.