Wells Fargo raised the firm’s price target on Global-e Online (GLBE) to $60 from $45 and keeps an Overweight rating on the shares. Against a relatively high bar, the company delivered strong Q3 results and reassured investors the meaningful gross merchandise value ramp in Q4 is on track, the firm says. Wells sees Global-e Online delivering unique visibility into 2025 growth and free cash flow.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLBE:
- Global-e Online Ltd. Reports Strong Q3 2024 Growth
- Global-E Online Ltd. Earnings Report: Did it Beat Expectations?
- Global-e Online price target raised to $58 from $50 at Jefferies
- Target reports downbeat Q3, Comcast plans cable TV spinoff: Morning Buzz
- Global-e Online Sees Strong Q3 Growth Amid New Partnerships