UBS has adjusted its price target for Global-e Online (GLBE) to $48 from $50 while keeping a Buy rating on the shares.

UBS assumes coverage of the company, which has access to a market opportunity exceeding $800 billion by volume. Analysts predict that Global-e can achieve over 30% compound annual growth rates in gross merchandise value and gross profit over the next three years.

The firm sees Q3 as a potential turning point for Global-e, driven by increased visibility into merchant launches, the expansion of Managed Markets, and a strong customer pipeline. These factors are expected to contribute to strong growth prospects for 2025 and beyond, leading to multiple expansion and revisions to earnings estimates.