Benchmark analyst Mark Zgutowicz raised the firm’s price target on Global-e Online (GLBE) to $45 from $41 and keeps a Buy rating on the shares. Ahead of the company reporting Q3 earnings on Wednesday, November 20, the firm raised its Q4 GMV forecast by 2.2% to account for accelerative momentum in October non-store retail sales and broad expectations for “record” holiday expenditures, the analyst tells investors in a preview.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLBE:
- GLBE Earnings this Week: How Will it Perform?
- Global-e Online price target raised to $50 from $45 at Jefferies
- Global-e Online price target raised to $45 from $40 at Wells Fargo
- Boston Scientific downgraded, Datadog upgraded: Wall Street’s top analyst calls
- Global-e Online price target lowered to $48 from $50 at UBS