Global-E: Impressive Growth Alongside Secular Tailwinds

Summary

• Global-e reported strong Q4 and full-year 2021 results with impressive topline growth and customer expansion alongside a robust business outlook for 2022.
• As shares have lost more than half of the value compared to the all-time highs around $80 per share, the company now trades at less than $5 bn market cap.
• We believe shares are reasonably priced with ample room to appreciate over the long-term as Global-e grows its cross-border e-commerce footprint, which is said to be a >$700 billion opportunity.

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Summary

In our most recent coverage on Global-e (NASDAQ:GLBE) stock we argued that the company could become one of the next big e-commerce success stories. The most recent financial results confirm our bullish thesis as the

Analyst’s Disclosure:I/we have a beneficial long position in the shares of GLBE, SHOP either through stock ownership, options, or other derivatives. 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.

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