Global-e Online: A Growth Stock With a Bright Future
Global-e Online (NASDAQ: GLBE) has been a popular stock among investors in 2023. Its share price has surged roughly 115% year to date due to several factors, including the company's rapid revenue growth, decreasing inflation, the Federal Reserve pausing interest rate hikes, and investors regaining confidence after a terrible market in 2022.
Despite some investors feeling that the current valuation is too high and that they may have missed the opportunity to purchase the stock when it was sitting at its 52-week low in late December 2022, Global-e remains an attractive investment opportunity for growth-seekers. Here's why.
Global-e Online is an emerging leader in the cross-border e-commerce market, which Statista projects will grow from $785 billion in 2021 at a compound annual growth rate (CAGR) of 29% to $7.9 trillion U.S. dollars by 2030.
Source Fool.com
