A Bull Market Is Coming: 1 Unstoppable Stock That Could Skyrocket in 2024
Are you ready for the next bull market? Counterintuitively, the best time to buy stocks is before it starts. Global-e Online (NASDAQ: GLBE) is one such stock to consider now. It has all the makings of a top growth company, and its shares are already up 77% this year. But it could go still higher in 2024, and it has a massive long-term opportunity. Let's see why.
Global-e operates a cross-border solutions platform for e-commerce retailers. It makes it simple for retailers large and small to offer global shopping, expanding their markets and generating more revenue. It has a long list of high-profile clients that have seen incredible engagement after joining the platform, resulting in higher sales.
It cites many testimonies, such as a representative of British luxury chain Harvey Nichols saying that working with Global-e "has led to a fantastic boost in our international conversion rates." -owned brand Marc Jacobs demonstrated a 77% increase in international e-commerce sales within three months of partnering with Global-e, and Sigma Sports' international revenue rose 192% after joining the platform.
Source Fool.com
