Analyst Koji Ikeda of Bank of America Securities maintained a Buy rating on Global-e Online, retaining the price target of $48.00.
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Koji Ikeda has given his Buy rating due to a combination of factors that highlight Global-e Online’s potential for long-term growth. The company’s recent announcement of a $200 million share buyback program is seen as a strong indicator of its confidence in its future prospects, despite the current uncertainties in demand caused by fluctuating tariffs and changes in de minimis exemptions. This buyback reflects management’s belief in the company’s ability to capture a significant share of the $175 billion eCommerce cross-border total addressable market.
Despite the challenges posed by the end of the de minimis exemption for packages entering the U.S., which could delay new e-commerce software projects, Ikeda remains optimistic about Global-e’s future. The increased complexity in cross-border transactions is expected to drive demand for efficient technologies like those offered by Global-e. While there are short-term headwinds, the long-term outlook remains positive, supporting the Buy rating with a price objective of $48.
Ikeda covers the Technology sector, focusing on stocks such as Gitlab, Datadog, and Autodesk. According to TipRanks, Ikeda has an average return of 11.8% and a 57.70% success rate on recommended stocks.