Global-E(US:GLBE) ZACKS·2025-05-29 17:01Core Viewpoint - Global-e Online Ltd. (GLBE) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook driven by an upward trend in earnings estimates [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with stock price movements [4][6]. - Rising earnings estimates for Global-e Online suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10]. Recent Performance and Projections - For the fiscal year ending December 2025, Global-e Online is expected to earn $0.28 per share, reflecting a year-over-year increase of 162.2% [8]. - Over the past three months, the Zacks Consensus Estimate for Global-e Online has risen by 8.4% [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating [9][10]. - The upgrade of Global-e Online to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for near-term price appreciation [10].