Global-e Online (NASDAQ:GLBE) Price Target Raised to $44.00

Key Points

• Goldman Sachs has raised the price target for Global-e Online (NASDAQ:GLBE) from $39.00 to $44.00, indicating a potential upside of 28.73% from its current price.
• The stock has an average rating of "Moderate Buy" from analysts, with a consensus target price of $48.08.
• Global-e Online reported a revenue increase of 27.9% year-over-year, with Q3 earnings surpassing analysts' expectations at $0.06 per share.

Global-e Online (NASDAQ:GLBE - Get Free Report) had its price target raised by equities research analysts at The Goldman Sachs Group from $39.00 to $44.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 28.73% from the stock's current price.

A number of other equities analysts have also recently weighed in on GLBE. Weiss Ratings reissued a "sell (d+)" rating on shares of Global-e Online in a research report on Wednesday, October 8th. Truist Financial upped their price objective on shares of Global-e Online from $31.00 to $32.00 and gave the company a "sell" rating in a research report on Thursday, July 17th. Finally, Zacks Research raised shares of Global-e Online to a "hold" rating in a research report on Friday, August 8th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.08.

Global-e Online Stock Performance

Global-e Online stock traded up $0.30 during trading on Monday, reaching $34.18. 501,376 shares of the company's stock were exchanged, compared to its average volume of 1,828,376. The company's 50-day moving average is $34.58 and its two-hundred day moving average is $33.97. Global-e Online has a 52-week low of $26.64 and a 52-week high of $63.69. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of -201.54, a PEG ratio of 1.81 and a beta of 1.25.

Global-e Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $214.88 million during the quarter, compared to analysts' expectations of $207.95 million. Global-e Online had a negative net margin of 3.37% and a negative return on equity of 3.20%. The firm's revenue was up 27.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) EPS. Global-e Online has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Global-e Online will post 0.25 EPS for the current year.

Global-e Online announced that its board has authorized a stock repurchase program on Thursday, September 4th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to buy up to 3.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On Global-e Online

Institutional investors and hedge funds have recently bought and sold shares of the business. Berbice Capital Management LLC acquired a new stake in Global-e Online during the first quarter worth about $36,000. Assetmark Inc. acquired a new stake in Global-e Online during the first quarter worth about $45,000. Geneos Wealth Management Inc. raised its stake in Global-e Online by 67.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company's stock worth $47,000 after acquiring an additional 528 shares during the period. Virtus Advisers LLC acquired a new stake in Global-e Online during the second quarter worth about $47,000. Finally, Pacer Advisors Inc. increased its stake in shares of Global-e Online by 52.9% in the first quarter. Pacer Advisors Inc. now owns 1,410 shares of the company's stock valued at $50,000 after purchasing an additional 488 shares during the period. Institutional investors and hedge funds own 94.60% of the company's stock.

Global-e Online Company Profile

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.

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