Jefferies analyst Samad Samana has maintained their bullish stance on GLBE stock, giving a Buy rating today.
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Samad Samana has given his Buy rating due to a combination of factors that highlight Global-e Online’s strong market position and growth prospects. The company is expected to exceed its gross merchandise volume (GMV) targets, driven by successful execution with new clients and solid same-store sales results, especially during the Black Friday and Cyber Monday period. This anticipated performance aligns with management’s positive outlook on GMV growth, which is supported by strategic merchant additions.
Furthermore, Samana notes the company’s potential for continued growth in 2025, despite providing conservative initial guidance. Global-e Online’s recent launch of the Borderfree demand generation platform is expected to enhance its take rate over time. Although the stock is trading at a relatively high valuation, this is justified by its robust growth and profitability profile. Samana believes that the company’s past performance and management’s optimistic commentary provide a strong foundation for this Buy rating.
In another report released today, Benchmark Co. also maintained a Buy rating on the stock with a $68.00 price target.