Analyst Koji Ikeda from Bank of America Securities reiterated a Buy rating on Global-e Online (GLBE – Research Report) and keeping the price target at $60.00.
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Koji Ikeda has given his Buy rating due to a combination of factors that underscore Global-e Online’s strong position in the cross-border eCommerce market. Despite a slight dip in the 2025 revenue guidance, which is attributed to a conservative approach towards tariff risks and adjustments in take rate assumptions, the company’s performance in the fourth quarter of 2024 exceeded both internal and market expectations in terms of GMV, revenue, and adjusted EBITDA. This positive performance supports the belief that Global-e is well-positioned to capture significant market share in the $175 billion cross-border eCommerce sector.
Furthermore, even though take rates have been slightly compressed due to strategic responses to tariffs and customer churn, Ikeda remains optimistic about potential improvements in these metrics. The company is focusing on enhancing its Managed Markets offering, which is anticipated to be a significant driver of GMV growth, particularly with further developments expected around 2026. With a price objective of $60, implying an 18% upside, Ikeda’s analysis reflects confidence in Global-e’s ability to sustain its growth trajectory and outperform its peers in terms of revenue growth and free cash flow margins.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $64.00 price target.