Global-e Online: Strong Buy Opportunity

Growth Analyst
964 Followers

Summary

  • Global-e partnership with Shopify opens enormous growth opportunity for the business.
  • Merchants see strong double digit growth rates immediately after using Global-e services.
  • Relative valuation analysis indicate that the stock is fairly valued.
  • Buy below $85.5.

Container Ship Loading Import/Export Freight of Transportation Industry, Transport Crane Lifting Box Containers at Port Cargo Shipping Dock Yard. Logistic Freighting Ship Service of Global Business

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Global-e Online (NASDAQ:GLBE) offers highly demanded services for cross-border e-commerce consumers. Merchants are significantly satisfied from the business as they witness strong double-digit growth rates after using Global-e services. The management is partnering with large tech behemoths

This article was written by

964 Followers
We invest in the fastest growing industries and pick the best players operating in these industries. We buy stocks which have potential to outperform the market in long run and bring strong double digit returns. Associated with SA contributor Seekingvalue Research

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in GLBE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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