GLBE News & Events

Jefferies reiterated a Buy rating and $40 price target on Global-e after the company agreed to acquire Passport, a U.S. cross-border ecommerce logistics and solutions company. Passport will bring advanced shipping solutions to Global-e's platform and strengthen return capabilities while also expanding the total addressable market, the analyst tells investors in a research note. The firm added that the strategic rationale for the deal makes sense and improves Global-e's competitive positioning.

Global-e Online announced that it has entered into a definitive agreement to acquire Passport Global, a US-based cross-border e-commerce logistics and solutions company. The acquisition of Passport will further strengthen Global-e's logistics capabilities, adding advanced standard shipping solutions powered by an efficient, asset-light, multi-carrier network across cross-border, domestic, and last-mile deliveries. The acquisition will also enhance Global-e's ability to execute direct injection and consolidated returns, supporting the delivery of scalable and cost-effective logistics solutions. Passport is expected to generate approximately $100 million in revenues in calendar year 2026 with a rapid growth rate which is expected to slightly exceed that of Global-e for the year. The acquisition is expected to have a neutral to slightly positive effect on Global-e's Adjusted EBITDA contribution in H2 2026. The transaction is expected to close in early July 2026, subject to customary closing conditions, including regulatory approvals.