
GLBE Stock Forecast & Price Target
GLBE Analyst Ratings
Bulls say
Global E Online Ltd has reported strong financial performance, with early November sales through its GLBE platform showing a 37% year-over-year increase, indicating robust demand during the BFCM period. Service Fee revenue reached $103.5 million and Fulfillment Service revenue increased to $117.3 million, marking growth rates of 25.3% and 25.6% year-over-year, respectively. Additionally, the company's improving international segments, particularly the substantial revenue growth in Israel and the positive shift in the UK and EU market performance, support a positive outlook on the company's future growth potential.
Bears say
Global E Online Ltd has experienced a decline in U.S. outbound revenues, dropping from $117.5 million to $112.5 million quarter-over-quarter, attributed to changes in customer operations. The service fee take rate fell to 6.8%, down from 7.3% the previous year and slightly lower than the prior quarter's 7.1%, indicating challenges in maintaining pricing power amidst a shift towards a multi-local offering. Furthermore, the company's gross margin decreased to 46.4%, reflecting a 50 basis point year-over-year contraction and raising concerns about future revenue generation amid potential reductions in consumer e-commerce spending due to macroeconomic cycles.
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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