How did GLBE's Q4 2024 earnings surprise impact investor confidence?

**Global-E Online's (GLBE) Q4 2024 earnings surprise had a positive impact on investor confidence**, as evidenced by several key indicators:

1. **Stock Price Reaction**: Following the earnings release, GLBE's stock price surged by 12.9% to $48.28. This significant uptick reflects investor enthusiasm in response to the earnings surprise.
2. **Analyst Ratings and Price Target Increases**: In the wake of the earnings report, analysts at Needham & Company raised their price target for GLBE from $48 to $55, maintaining a "Buy" rating. This adjustment demonstrates analysts' confidence in the company's continued growth potential.
3. **Increased Revenue Guidance**: Global-E Online not only met but exceeded market expectations with its revenue figures but also raised its FY24 outlook, projecting revenue between $243 million and $255 million for Q4 2024, compared to the analyst estimate of $246.27 million. This optimistic guidance further bolstered investor confidence.
4. **GMV Growth**: The company's Gross Merchandise Value (GMV) grew by 35% year-over-year to $1.13 billion, with a projected GMV of $1.615 billion to $1.685 billion for Q4 2024. This robust GMV growth underscores the company's strong market performance and supports investor confidence in its future prospects.

Overall, GLBE's Q4 2024 earnings surprise, characterized by strong revenue growth and a positive outlook, has likely contributed to increased investor confidence in the company's ability to sustain its growth trajectory.