Global-e Online Ltd.: 2026 MS Financials Conference Recap - Underappreciated Enabler of Cross-Border E-Commerce

研报英文原文证据摘录

Global-e Online Ltd.: 2026 MS Financials Conference Recap - Underappreciated Enabler of Cross-Border E-Commerce

Update

June 10, 2026 09:30 AM GMT

Morgan Stanley & Co. LLCMGlobal-e Online Ltd. | North America James E Faucette

Equity Analyst

2026 MS Financials Conference James.Faucette@morganstanley.comMichael N Infante +1 212 296-5771

Michael.Infante@morganstanley.com +1 212 761-4631

Recap - Underappreciated Meryl R Thomas, CFA

Research Associate

Meryl.Thomas@morganstanley.com +1 212 761-0774

Enabler of Cross-Border E- Shefali Tamaskar

Shefali.Tamaskar@morganstanley.com +1 212 761-4948

Commerce

We continue to believe GLBE is an underappreciated, but critical

enabler of cross-border commerce, even as the market remains

focused on the impact of AI and the durability of medium-term

Global-e Online Ltd. (GLBE.O, GLBE US)

take rates (both of which we think the company will execute Payments and Processing | United States of America

through). Stock Rating Overweight

Industry View Attractive

We would greatly appreciate your support in the Payments, Processors, and IT Price target $37.00

Shr price, close (Jun 9, 2026) $32.38

Services category in this year's All-America Extel survey. To request a ballet, please Mkt cap, curr (mm) $5,634

go to https://www.extelinsights.com/voting. Thank you so much! - James & Michael 52-Week Range $41.94-26.85

Fiscal Year Ending 12/25 12/26e 12/27e 12/28e

We hosted Global-e's Chief Executive Officer, Amir Schlachet, and Chief Financial EPS ($)** 0.40 1.15 1.60 2.21

Officer, Ofer Koren, at our 2026 Morgan Stanley Financials conference. We outline EV/revenue* 6.5 3.7 2.6 1.8

Gross profit ($mm)** 436 578 755 969

our key takeaways here:

Unless otherwise noted, all metrics are based on Morgan Stanley ModelWare

framework

• Take rate stability in focus.