Global-e Online price target raised to $47 from $46 at BofA

BofA raised the firm’s price target on Global-e Online to $47 from $46 and keeps a Buy rating on the shares after the company reported “strong” Q1 results with GMV, revenue, and adjusted EBITDA above consensus. While noting that one “could pick on the 2024 guidance being raised less than the 1Q24 beat, and 2Q24 guidance being below the Street,” the firm looks beyond this and is raising its price target based on the “solid 1Q24 execution.”