1 Hot E-Commerce Stock a Better Buy Than Shopify?
Global-e Online (NASDAQ: GLBE) has continued its hot streak. The small e-commerce service provider handily beat its own financial guidance once again during its second-quarter earnings update.
Up to this point, I've passed on Global-e because Shopify (NYSE: SHOP) is a shareholder and key services-integration partner, so my stake in Shopify yields some ancillary exposure to Global-e too. But after a post-earnings sell-off, the smaller software provider looks intriguing.
Global-e is a software-service suite for companies that sell online -- and specifically for those that want to sell outside of their home country. The business offers services like website customization (including currency exchange and payment acceptance) for specific countries, shipping and logistics integration, taxes, and the like. Its software integrates with Shopify, where it will soon be releasing Shopify Markets Pro for cross-border e-commerce, and with Meta Platforms shops for Facebook and Instagram.
Source Fool.com
Shopify Inc Stock
Our community is currently high on Shopify Inc with 5 Buy predictions and 0 Sell predictions.
With a target price of 75 € there is a positive potential of 36.14% for Shopify Inc compared to the current price of 55.09 €.
