In a report released yesterday, Samad Samana from Jefferies maintained a Buy rating on Global-e Online (GLBE – Research Report), with a price target of $66.00.
Samad Samana’s rating is based on Global-e Online’s strong post-IPO performance and promising future growth prospects. The company has demonstrated significant achievements since its IPO, with substantial increases in GMV and revenue, as well as expanded EBITDA margins. Management has set ambitious long-term targets, including mid-20s revenue growth and high-40s EBITDA margins through 2028, which reflect confidence in continued expansion.
Additionally, the early success of Borderfree.com and the anticipated positive impact of tariffs on multi-local adoption are seen as key growth drivers. The company’s ability to generate over $1 billion in free cash flow by 2028 provides ample opportunities for capital allocation, including reinvestment in organic growth and potential strategic acquisitions. These factors collectively underpin Samana’s Buy rating, highlighting Global-e Online’s strong position for future success.
In another report released today, JMP Securities also maintained a Buy rating on the stock with a $64.00 price target.