Streetbeat News

GLBE

Global-e Online Ltd.

Industry

Specialty Retail

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. Global-E Online Ltd. was incorporated in 2013 and is headquartered in Petah Tikva, Israel.

Open

40.61

Mkt cap

6.7B

Volume

645K

High

40.61

P/E Ratio

-62.97

52-wk high

43.52

Low

39.77

Div yield

N/A

52-wk low

28.11

Global-E Online reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 3:47 pm

Global-e Online Ltd has updated its Q3 revenue forecast to $136M-$142M, which is lower than the estimated $142.57M. The company also revised its FY23 revenue projection to $570M-$596M, slightly higher than the previous range of $562M-$590M, but still below the estimated $583.28M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:08 am

Global E Online (NASDAQ:GLBE) reported Q2 losses of $(0.22) per share, beating the analyst consensus estimate of $(0.26) by 15.38%. This is a 29.03% increase over losses from the same period last year. The company also reported quarterly sales of $133.31M, beating the analyst consensus estimate of $128.49M by 103.75M%. This is a 52.69% increase over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:02 am

Global E Online (NASDAQ:GLBE) is set to release its latest quarterly earnings report on Tuesday, 2023-08-08. Analysts estimate an earnings per share (EPS) of $-0.26. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $41.13 and has seen a 50.3% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 8:01 pm

Benchmark analyst Mark Zgutowicz has initiated coverage on Global E Online (NASDAQ:GLBE) with a Buy rating and a price target of $50.

Portfolio Pulse from richadhand@benzinga.com

August 07, 2023 | 10:59 am

Morgan Stanley analyst James Faucette has downgraded Global-E Online Ltd (NASDAQ:GLBE) from Overweight to Equal-Weight and raised the price target from $38 to $45. The analyst believes that the market has adequately anticipated the likely growth rates for '23 and '24, and built those expectations into valuation. The analyst also noted a reduction in bear concerns around GLBE, particularly since GLBE has acquired competitors and its relationship with Shopify Inc. (NYSE:SHOP) has become more durable.

Portfolio Pulse from Shivani Kumaresan

July 19, 2023 | 5:38 pm

Several companies have had their price targets adjusted by various analysts. Domino's Pizza (DPZ) had its price target increased from $365 to $430 by Wedbush. Bluebird bio (BLUE) saw its price target raised from $6 to $10 by B of A Securities. Cisco Systems (CSCO) had its price target increased from $55 to $62 by JP Morgan. TD SYNNEX (SNX) had its price target raised from $100 to $105 by CFRA. Wayfair (W) saw its price target increased from $70 to $80 by Needham. Global-e Online (GLBE) had its price target raised from $38 to $45 by Morgan Stanley. Forward Air (FWRD) saw its price target increased from $106 to $130 by Baird. Charles Schwab (SCHW) had its price target raised from $64 to $77 by Raymond James. Enphase Energy (ENPH) saw its price target increased from $260 to $267 by Keybanc. Cinemark Holdings (CNK) had its price target cut from $21 to $18 by JP Morgan. Hancock Whitney (HWC) saw its price target cut from $50 to $46 by Piper Sandler.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 12:02 pm

Morgan Stanley analyst James Faucette has downgraded Global E Online (NASDAQ:GLBE) from Overweight to Equal-Weight, while raising the price target from $38 to $45.

Portfolio Pulse from richadhand@benzinga.com

July 19, 2023 | 9:05 am

Goldman Sachs has maintained its Buy rating for Global E Online (NASDAQ:GLBE) and increased its price target from $40.00 to $50.00. Global E Online's shares are currently trading up 1.09% at $45.17 per share. A move to $50.00 would represent a 10.68% increase from the current share price.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:01 pm

Goldman Sachs analyst Will Nance maintains a Buy rating on Global E Online (NASDAQ:GLBE) and raises the price target from $40 to $50.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 11:18 am

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