1 Growth Opportunity That Could Send This Stock Skyrocketing
Shares of Global-E Online (NASDAQ: GLBE) got a nice bump on Feb. 16 after the company reported solid earnings as well as strong guidance. The company crushed estimates on the top line and improved its bottom line, and it projected continued strong growth through 2022.
Global-E is based in Israel and helps businesses expand internationally. The company has partnerships with dozens of payments and shipping providers across the world, along with experience dealing with hundreds of currencies and languages. These partnerships and connections allow Global-E to offer its expertise to make expansion into international markets smoother for businesses.
E-commerce companies have been hit hard recently by worries about inflation impacting consumer spending habits online, but Global-E is less affected by the U.S. economic turmoil. The company is also not heavily impacted by American inflation as much of its business takes place in Europe, but shares have been priced as if it is. The company has major growth opportunities ahead driven by one market that has potential for exponential growth, making this stock one to consider as it could be a bargain right now.
Source Fool.com
