Freightos (CRGO, Financial) has released preliminary performance indicators for the first quarter of 2025, showcasing significant growth in its digital freight network. During this period, the company recorded a remarkable 371,000 transactions, reflecting a 25% year-over-year increase. This marks the 21st consecutive quarter of record transactions, highlighting the expanding usage of Freightos' platform by carriers, forwarders, and importers/exporters, as well as the ongoing addition of new participants.
The company's network of carriers grew to 71, with the inclusion of specialized cargo operators broadening route coverage. Additionally, unique buyer users rose by 10% on a year-over-year basis, reaching a total of 19,700. This growth in both carrier supply and buyer demand underscores the robust network effects that facilitate Freightos’ global platform expansion.
Freightos also experienced a 43% year-over-year increase in Gross Booking Value, processing transactions worth $276 million in Q1 2025. This surge was driven by increased transaction volumes, stable freight rates, and larger average transactions within key trade lanes.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Freightos Ltd (CRGO, Financial) is $4.17 with a high estimate of $5.00 and a low estimate of $3.50. The average target implies an upside of 104.25% from the current price of $2.04. More detailed estimate data can be found on the Freightos Ltd (CRGO) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Freightos Ltd's (CRGO, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
