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This unjustifiably cheap high growth tech stock is a strong buy after solid earnings

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The geopolitical uncertainty in the Middle East has negatively impacted companies based in the region, even if they make the bulk of their revenue from other places in the world. Just take a look at Global-e Online ($GLBE), a high-growth digital company based in Israel.

GLBE generates 98% of its revenue in the US, UK, and EU, while only a tiny fraction of it comes from Israel and other regions. However, the stock has suffered this year, down 23% YTD, despite the company’s continued strong fundamental performance.

While the geopolitical risks are creating a volatile macro environment that can negatively affect Global-e’s business, the company’s recent earnings showed that they successfully navigated through them due to their global presence and diverse market operations. This is why the stock spiked as much as 20% post-earnings before giving up those gains, which created an attractive entry point for long-term investors. Let’s delve deeper.

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