In a report released yesterday, Koji Ikeda from Bank of America Securities maintained a Buy rating on Global-e Online (GLBE – Research Report), with a price target of $60.00.
Koji Ikeda has given his Buy rating due to a combination of factors that highlight Global-e Online’s strong potential in the cross-border eCommerce market. The company’s investor day presentations increased confidence in its ability to capture a significant share of a $175 billion total addressable market. Ikeda was particularly impressed with Global-e’s demand generation strategy through Borderfree, its effective go-to-market approach, and its updated financial targets, which collectively suggest robust future growth.
Despite potential risks such as tariffs, Ikeda views the recent stock price decline as an attractive entry point for investors. Although Global-e’s valuation is at a premium compared to its peers, this is justified by its leadership in the category and superior revenue growth prospects. The successful launch of Borderfree.com and its promising initial metrics indicate potential revenue upside, while the company’s strategic partnerships and ambitious 2028 financial targets further reinforce the Buy rating.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $64.00 price target.
GLBE’s price has also changed slightly for the past six months – from $36.670 to $36.730, which is a 0.16% increase.