Morgan Stanley analyst James Faucette reiterated a Buy rating on Global-e Online (GLBE – Research Report) today and set a price target of $46.00.
James Faucette’s rating is based on several key observations. Firstly, Global-e Online’s web traffic for the first quarter of 2025 has shown a significant increase, surpassing the firm’s expectations for GMV and revenue growth. This indicates a strong potential for future financial performance, despite the current macroeconomic uncertainties. The substantial rise in web traffic suggests that the company might be benefiting from increased consumer interest, which could translate into higher sales figures.
Moreover, Faucette highlights the potential advantages Global-e could gain from the recent tariff changes. The complexity introduced by these tariffs is seen as a positive factor for Global-e, as it enhances the company’s value proposition to merchants looking to navigate these challenges. This scenario is expected to drive more merchants to partner with Global-e, expanding their market reach. Despite some concerns about the impact of multi-local fulfillment on profitability, Faucette remains optimistic that these factors will not significantly hinder the company’s financial performance, reinforcing his Buy rating.
In another report released on April 2, Goldman Sachs also maintained a Buy rating on the stock with a $47.00 price target.