
GLBE Stock Forecast & Price Target
GLBE Analyst Ratings
Bulls say
Global E Online Ltd has demonstrated robust growth, particularly in its Black Friday Cyber Monday (BFCM) sales, which exceeded expectations with a year-over-year increase of 37% in early November. The company reported significant revenue growth across various segments, with Service Fee revenue rising 25.3% year-over-year to $103.5 million and Fulfillment Service revenue increasing 25.6% to $117.3 million. Furthermore, the positive trajectory in the UK and EU markets, characterized by a notable rebound in growth rates, along with a strong operating margin and a high volume of repeat transactions, positions Global E Online favorably within the e-commerce sector.
Bears say
Global E Online Ltd experienced a decline in US Outbound revenues from $117.5 million to $112.5 million in the third quarter, primarily due to operational changes by customers. The company's service fee take rate fell to 6.8%, down from both 7.3% year-over-year and 7.1% quarter-over-quarter, alongside a decrease in the take rate to 14.6%, reflecting a shift towards its multi-local offering. Additionally, macroeconomic uncertainties could further pressure e-commerce spending, potentially leading to lower transactional revenue and revenue figures that fall short of expectations.
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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