|Over a week ago|
Global-e Online initiated with an Outperform at Raymond James » 07:3306/0706/07/21
Raymond James analyst…
Raymond James analyst Brian Peterson initiated coverage of Global-e Online with an Outperform rating and $41 price target. With relative valuation as support for a pure play way to play multiple secular tailwinds, Peterson believes investors should invest in one of the fastest growing names we follow while still achieving modest profitability at early scale, the analyst says in a research note. While the company's shares have performed well since the IPO and trade at a premium to other ecommerce enablers on a 2022E EV/gross profit basis, Peterson believes Global-e Online should be able to grow through that premium given expectations for a 57% revenue CAGR over 2021-2023E.
Global-e Online initiated with an Overweight at Morgan Stanley » 06:3706/0706/07/21
Morgan Stanley analyst…
Morgan Stanley analyst James Faucette initiated coverage of Global-e Online (GLBE) with an Overweight rating and $42 price target. Global-e's combination of managing website localization, payments and logistics has enabled it to gradually expand its reach within its partners, including a merchant roster of more than 400 brands, while its partnership struck ahead of its May IPO with Shopitfy (SHOP) provides "meaningful growth potential," Faucette tells investors. However, he notes that expects the partnership to ramp gradually and expects only limited contribution from it until 2023.
Global-e Online initiated with an Outperform at JMP Securities » 06:1206/0706/07/21
JMP Securities analyst…
JMP Securities analyst Patrick Walravens initiated coverage of Global-e Online with an Outperform rating and $43 price target. The stock represents an "excellent opportunity" for long-term durable growth and capital appreciation as the company pursues a large market opportunity estimated at about $173B, the analyst tells investors in a research note. Walravens further cites Global-e Online's best-in-class net retention rate of 172% and a "robust" partner ecosystem.
Global-e Online initiated with an Overweight at KeyBanc » 06:1006/0706/07/21
KeyBanc analyst Josh Beck…
KeyBanc analyst Josh Beck initiated coverage of Global-e Online with an Overweight rating and $42 price target. The company's open software-as-a-service platform is poised for sustained share gains in the $700B cross-border e-commerce market, Beck tells investors in a research note. The analyst estimates Global-e Online has a 0.2% market share and forecasts it to rise to 0.4% in the next several years.
Global-e Online initiated with an Overweight at Piper Sandler » 06:0506/0706/07/21
Piper Sandler analyst…
Piper Sandler analyst Brent Bracelin initiated coverage of Global-e Online with an Overweight rating and $42 price target. The analyst sees a a "compelling opportunity" for the company to simplify cross-border complexity by providing local currency, payment, and logistic options into 200 countries. He believes Global-e Online's new Shopify strategic partnership that could add $175M in revenue for every $1B of incremental cross-border gross merchandise volume.
Global-e Online initiated with a Buy at Goldman Sachs » 04:5106/0706/07/21
Goldman Sachs analyst…
Goldman Sachs analyst Matthew O'Neill initiated coverage of Global-e Online (GLBE) with a Buy rating and $44 price target. The company is gaining share in the cross-border e-commerce market, and its recent exclusive partnership with Shopify (SHOP) should accelerate growth into 2022 and 2023, O'Neill tells investors in a research note.
Global-e Online initiated with a Buy at Jefferies » 04:4806/0706/07/21
Jefferies analyst Samad…
Jefferies analyst Samad Samana initiated coverage of Global-e Online (GLBE) with a Buy rating and $44 price target. The company provides an end-to-end, cross-border e-commerce solution for direct-to-consumer brands, enabling merchants to more easily sell across 200 markets, Samana tells investors in a research note. The analyst believes Global-e Online's "large" total addressable market, take rate-based business model, and recent Shopify (SHOP) partnership should drive "years of robust" revenue growth.
Opening Day: Payment startup dLocal raises $618M in IPO » 08:2306/0506/05/21
CMSL, WKME, PAY, FLYW, DLO, FLGC, GLBE, SMWB, EJH, DBGI, VERA, QNIU, SVFD, RGCB, ELEV, DNUT, AMZN, F, GS, JPM, MS, UBER, LYFT
Payment startup dLocal…
|Over a month ago|
Opening Day: E-commerce company Global-e valued at $3.6B in debut » 07:3505/1505/15/21
VERA, DBGI, EJH, SMWB, GLBE, IPW, FLGC, DV, PATH, NPCE, RAIN, SWIM, TMCI, SQSP, QNIU, SVFD, RGCB, CMSL, UBER, LYFT, SBUX, HCG, GNW, MS
Global-e Online opened 3%…
Global-e Online opens at $24.25, IPO priced at $25 per share 11:5705/1205/12/21