Raymond James raised the firm’s price target on Global-e Online (GLBE) to $55 from $41 and keeps an Outperform rating on the shares. Global-e’s Q3 results included above-trend top- and bottom-line upside with a favorable outlook exiting 2024, the analyst tells investors in a research note. The firm continues to see a path for 30% year over year Gross Merchandise Volume growth in 2025, with an expectation that incremental margins can also remain strong on a combination of mix and ramping go-live activity.
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Read More on GLBE:
- Global-e Online price target raised to $54 from $45 at BofA
- Global-e Online price target raised to $60 from $45 at Benchmark
- Global-e Online price target raised to $63 from $44 at Piper Sandler
- Global-e Online price target raised to $64 from $46 at JMP Securities
- Global-e Online price target raised to $60 from $45 at Wells Fargo