Is It Too Late to Buy Global-e Stock?
2023 was an amazing year for growth stocks. The tech-heavy Nasdaq-100 index has gained 45% over the past year, more than double the S 500. One of the questions on investors' minds is whether 2024 will be a repeat. Global-e Online (NASDAQ: GLBE) is a typical tech-focused growth stock that gained 92% in 2023. Is it too late to buy?
You may not have heard of Global-e because it's a business-to-business platform providing cross-border solutions for e-commerce retailers. You might have used its platform without realizing it if you've ordered products from another country. It integrates into a client's website and offers services like localized checkout, currency options, instant customs calculations, and shipping options.
Global-e has various packages for different-sized companies, but it's known for working with A-list clients, like Walt Disney and . Some recent customers include Tory Burch and Bang Olufsen, and LVMH consistently adds more of its owned brands to the platform, such as Repossi, Emilio Pucci, and Patou, in the 2023 third quarter.
Source Fool.com
