Benchmark Co. analyst Mark Zgutowicz has maintained their bullish stance on GLBE stock, giving a Buy rating on November 25.
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Mark Zgutowicz has given his Buy rating due to a combination of factors, primarily focusing on Global-e Online’s impressive growth metrics during the early November through Black Friday Cyber Monday (BFCM) period. The company demonstrated a 37% growth rate, indicating a strong potential to outperform the fourth-quarter expectations for Gross Merchandise Volume (GMV).
Furthermore, the alignment with Shopify’s cross-border order trends, which remain consistent at 16% of the total global order mix, supports the likelihood of at least meeting or modestly exceeding the fourth-quarter GMV projections. This combination of robust growth and strategic alignment with key partners underpins Zgutowicz’s confidence in Global-e Online’s continued success, leading to the reiterated Buy rating with a price target of $52.
In another report released on November 25, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $41.00 price target.