This ecommerce name is a strong buy after earnings triggered an unjustified selloff

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While the macro environment remains uncertain, most companies have reported strong results this earnings season. However, strong earnings don’t always lead to a positive market reaction, for several reasons often unrelated to the company’s underlying fundamentals. Global-e Online ($GLBE) is a good example.

The e-commerce company’s Q4 results exceeded analyst estimates, but as you can see below, the stock plunged post-earnings. This is because GLBE’s Q1 revenue guidance missed forecasts, even though the full-year revenue guidance was in line with estimates.

This sell-off was a market overreaction, and it has now created an attractive entry point in one of the fastest-growing internet names on the market. Let’s see why.

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