Truist Upgrades Global-E Online (GLBE) to Buy

Global-E Online Ltd. (NASDAQ:GLBE) is one of the 10 Fastest Growing Consumer Stocks to Buy Now.

On June 10, 2026, Truist analyst Matthew Coad upgraded Global-E Online Ltd. (NASDAQ:GLBE) to Buy from Hold with a price target of $39, up from $34. Matthew Coad said Truist is “more optimistic” on Global-E’s volume growth, citing “strong” underlying market growth, recent strength in new merchants added, and managed markets gross merchandise volume potentially quadrupling in the coming years. Matthew Coad also said Global-E’s recent acquisition of Passport Global widens its “moat” by broadening fulfillment capabilities.

On June 8, Jefferies stress tested Global-E Online’s 2026 gross merchandise volume outlook and said it is confident the company can hit its targets. Jefferies called the stock “compelling” at current share levels and said it believes Global-E’s growth will be north of 30% in 2026, while valuation remains below a 20-times price-to-earnings multiple.

Earlier in June, Global-E Online announced that its Board of Directors approved a “distribution,” as defined in the Israeli Companies Law, through a share repurchase program. Under the program, the company may repurchase up to $500M of its ordinary shares, subject to the completion of required Israeli regulatory procedures.

Global-E Online Ltd. (NASDAQ:GLBE) provides a direct-to-consumer cross-border e-commerce platform in Israel, the United Kingdom, the United States, and internationally.

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