Benchmark lowered the firm’s price target on Global-e Online (GLBE) to $61 from $64 and keeps a Buy rating on the shares. The firm’s revised price target “conservatively factors” a compound annual revenue growth rate of 21.7% in FY25-FY28, versus guided mid-20 percent growth, in addition to free cash flow conversion at the low-end of a mid-to-high teens percent of revenue, the analyst noted.
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Read More on GLBE:
- Global-e Online: Strong Post-IPO Performance and Promising Growth Prospects Drive Buy Rating
- Global-e Online: Strong Buy Rating Backed by Promising Growth Prospects and Strategic Expansion
- Global-e Online: Strong Buy Rating Amid Promising Growth and Strategic Positioning in Cross-Border eCommerce
- Global-e Online issues LT targets, including mid-20s revenue growth FY25-FY28
- Global-e Online uncertainty will weigh on shares, says Jefferies
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