Jefferies Reiterates Buy Rating on Global-E Online Following Passport Acquisition
The acquisition of US-based logistics firm Passport Global is expected to close in early July 2026, with Jefferies noting improved competitive positioning for the cross-border e-commerce platform.
Jefferies has reiterated a Buy rating for Global-E Online Ltd (NASDAQ:GLBE), maintaining a price target of $40 following the company’s agreement to acquire Passport Global. The investment bank highlighted that the transaction enhances Global-E’s strategic positioning by adding advanced shipping solutions and strengthening return capabilities, which collectively expand the firm’s total addressable market.
The recommendation comes shortly after Global-E Online announced a definitive agreement on 25 May 2026 to acquire the US-based cross-border e-commerce logistics provider. Jefferies stated that the strategic rationale behind the deal makes sense, arguing that the integration will improve the company’s competitive standing in the logistics sector.
Global-E Online described the acquisition as a means to bolster its logistics capabilities through standard shipping solutions. The deal provides access to an asset-light, multi-carrier network spanning cross-border, domestic, and last-mile deliveries. Passport Global is projected to generate approximately $100 million in revenue during the 2026 calendar year, with a growth rate expected to slightly exceed that of Global-E Online for the period.
The transaction is anticipated to close in early July 2026, subject to customary closing conditions and regulatory approvals. This development follows a move by Bank of America on 14 May 2026, which also maintained a Buy rating but lowered its price target to $40 from $43. Bank of America noted that Global-E is on track to become the de facto platform for an estimated $114 billion cross-border eCommerce market by 2030.
Global-E Online operates a direct-to-consumer cross-border e-commerce platform across Israel, the United Kingdom, the United States, and internationally. While Yahoo Finance lists the stock among the 15 Most Promising Stocks to Buy Right Now, the source material notes that certain AI stocks may offer greater upside potential with less downside risk for investors seeking exposure to different market segments.
