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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global-e Online in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GLBE shares.
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8 analysts have issued twelve-month price targets for Global-e Online's stock. Their GLBE share price forecasts range from $26.00 to $44.00. On average, they predict the company's stock price to reach $37.88 in the next twelve months. This suggests a possible upside of 17.6% from the stock's current price.
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Global-e Online's stock was trading at $20.64 at the start of the year. Since then, GLBE stock has increased by 56.0% and is now trading at $32.20.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
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Global-e Online Ltd. (NASDAQ:GLBE) posted its earnings results on Monday, May, 22nd. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.02. The business earned $117.60 million during the quarter, compared to analysts' expectations of $111.65 million. Global-e Online had a negative trailing twelve-month return on equity of 20.01% and a negative net margin of 41.06%. Global-e Online's revenue was up 54.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) EPS.

ETFs with the largest weight of Global-e Online (NASDAQ:GLBE) stock in their portfolio include Global X E-Commerce ETF (EBIZ), ARK Fintech Innovation ETF (ARKF), Amplify Online Retail ETF (IBUY), VanEck Israel ETF (ISRA), Renaissance IPO ETF (IPO), Fidelity Growth Opportunities ETF (FGRO), Franklin Disruptive Commerce ETF (BUYZ) and AB Disruptors ETF (FWD).

Global-e Online updated its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $125.00 million-$130.00 million, compared to the consensus revenue estimate of $128.02 million.

(GLBE) raised $360 million in an initial public offering on Wednesday, May 12th 2021. The company issued 15,000,000 shares at $23.00-$25.00 per share. Goldman Sachs, Morgan Stanley, Jefferies, Piper Sandler, JMP Securities, KeyBanc Capital Markets and Raymond James served 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 number of institutional and retail investors. Top institutional shareholders include Vitruvian Partners LLP (4.56%), Artisan Partners Limited Partnership (2.14%), FMR LLC (1.44%), Sumitomo Mitsui Trust Holdings Inc. (1.35%), Nikko Asset Management Americas Inc. (1.35%) and Temasek Holdings Private Ltd (1.31%).

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.
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One share of GLBE stock can currently be purchased for approximately $32.20.

Global-e Online (NASDAQ:GLBE) has a market capitalization of $5.19 billion and generates $409.05 million in revenue each year. The company earns $-195,400,000.00 in net income (profit) each year or ($1.16) on an earnings per share basis.

The company employs 473 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.