Needham analyst Scott Berg maintained a Buy rating on Global-e Online today and set a price target of $40.00.
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Scott Berg’s rating is based on Global-e Online’s strong financial performance and promising growth prospects. The company reported impressive third-quarter results, with Gross Merchandise Volume (GMV) exceeding expectations by 2.5%, despite minimal impact from tariffs. This growth is supported by a robust pipeline of new customer acquisitions, maintaining a GMV growth rate above 30% with little year-over-year slowdown.
Additionally, while the services take rate experienced a slight decline due to a shift in revenue mix towards larger customers and the Multi-Local offering, it is expected to stabilize. The company’s guidance for the fourth quarter suggests potential acceleration in GMV growth, and the upcoming Managed Markets offering, slated for fiscal year 2026, could further enhance growth beyond current estimates. These factors collectively underpin Berg’s Buy rating for Global-e Online.
In another report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $50.00 price target.