Jefferies raised the firm’s price target on Global-e Online (GLBE) to $58 from $50 and keeps a Buy rating on the shares. After the company delivered a “solid” Q3, the firm is raising its price target to reflect durability of greater than 25% growth for a longer period, the analyst tells investors.
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Read More on GLBE:
- Target reports downbeat Q3, Comcast plans cable TV spinoff: Morning Buzz
- Global-e Online Sees Strong Q3 Growth Amid New Partnerships
- Global-e Online reports Q3 EPS (13c) vs (20c) last year
- Global-e Online sees Q4 revenue $243M-$255M, consensus $246.27M
- Global-e Online raises FY24 revenue view to $732.9M-$744.9M from $710M-$750M