Global-e Online (GLBE) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global-e Online in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLBE shares.
View GLBE analyst ratings or view top-rated stocks.

10 brokerages have issued 12-month target prices for Global-e Online's shares. Their GLBE share price forecasts range from $41.00 to $54.00. On average, they predict the company's share price to reach $46.10 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price.
View analysts price targets for GLBE or view top-rated stocks among Wall Street analysts.

Global-e Online's stock was trading at $20.64 at the beginning of 2023. Since then, GLBE shares have increased by 80.9% and is now trading at $37.34.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our GLBE earnings forecast.

Global-e Online Ltd. (NASDAQ:GLBE) issued its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.04. The company had revenue of $133.31 million for the quarter, compared to analyst estimates of $128.79 million. Global-e Online had a negative trailing twelve-month return on equity of 18.57% and a negative net margin of 34.58%. The company's quarterly revenue was up 52.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.31) earnings per share.

ETFs with the largest weight of Global-e Online (NASDAQ:GLBE) stock in their portfolio include ARK Fintech Innovation ETF (ARKF), Global X E-Commerce ETF (EBIZ), Innovator IBD 50 ETF (FFTY), ProShares Online Retail ETF (ONLN), VanEck Israel ETF (ISRA), First Trust IPOX Europe Equity Opportunities ETF (FPXE), ProShares Long Online/Short Stores ETF (CLIX) and Franklin Disruptive Commerce ETF (BUYZ).

Global-e Online issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $136.00 million-$142.00 million, compared to the consensus revenue estimate of $142.57 million.

(GLBE) raised $360 million in an initial public offering (IPO) on Wednesday, May 12th 2021. The company issued 15,000,000 shares at a price of $23.00-$25.00 per share. Goldman Sachs, Morgan Stanley, Jefferies, Piper Sandler, JMP Securities, KeyBanc Capital Markets and Raymond James acted as the underwriters for the IPO.

Global-e Online trades on the NASDAQ under the ticker symbol "GLBE."

Global-e Online's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Abdiel Capital Advisors LP (7.84%), Dragoneer Investment Group LLC (7.82%), Vitruvian Partners LLP (3.87%), Goldman Sachs Group Inc. (3.10%), Artisan Partners Limited Partnership (2.13%) and Eventide Asset Management LLC (1.51%).

Shares of GLBE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of GLBE stock can currently be purchased for approximately $37.34.

Global-e Online (NASDAQ:GLBE) has a market capitalization of $6.13 billion and generates $409.05 million in revenue each year. The company earns $-195,400,000.00 in net income (profit) each year or ($1.07) on an earnings per share basis.

The company employs 767 workers across the globe.

The official website for the company is www.global-e.com. The company can be reached via phone at 972-73-260-5078 or via email at ir@global-e.com.