Goldman Sachs analysts added Global-e Online to the firm’s Americas Conviction List as part of its Directors’ Cut July update. The firm believes Global-e Online provides “attractive exposure” to some of the fastest growing segments of e-commerce: cross-border eCommerce and direct-to-consumer e-commerce. Goldman sees organic growth for the company accelerating in second half of 2024 and into 2025, powered by a stabilizing consumer backdrop, product enhancements to its Shopify Markets Pro and pipeline of new partnerships. It has a Buy rating on the shares with a $43 price target.
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Read More on GLBE:
- Global-E Online Shareholders Approve All Resolutions
- Global-e Online price target raised to $47 from $46 at BofA
- Global-e Online upgraded to Overweight from Equal Weight at Morgan Stanley
- Global-e Online Boasts Strong Q1 Growth, Raises Outlook
- Global-e Online raises FY24 revenue view to $733M-$773M from $731M-$771M
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