
GLBE Stock Forecast & Price Target
GLBE Analyst Ratings
Bulls say
Global E Online Ltd is demonstrating strong performance in e-commerce solutions, with Black Friday and Cyber Monday sales through its platform increasing by 37% year-over-year in early November. The company's revenue from service fees reached $103.5 million, reflecting a 25.3% year-over-year growth, while fulfillment service revenue grew by 25.6% to $117.3 million, indicating robust demand across its offerings. Additionally, significant growth was observed in regional markets, with Israeli revenue up 172.5% year-over-year and positive momentum in the UK and EU markets, where growth rates improved notably compared to the previous year.
Bears say
Global E Online Ltd exhibited a concerning decline in US Outbound revenues from $117.5 million to $112.5 million in the latest quarter, attributed to operational changes by customers that negatively impacted results. The company's service fee take rate decreased to 6.8% from 7.3% year-over-year and showed a slight decline from the previous quarter, signaling weakening fee income amidst a shift towards multi-local offerings. Additionally, the gross margin contracted by 50 basis points year-over-year to 46.4%, coupled with macroeconomic factors that could suppress consumer e-commerce spending, raising further concerns about future revenue projections.
This aggregate rating is based on analysts' research of Global-e Online Ltd and is not a guaranteed prediction by Public.com or investment advice.
GLBE Analyst Forecast & Price Prediction
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