Jefferies raised the firm’s price target on Global-e Online (GLBE) to $63 from $58 and keeps a Buy rating on the shares after investor meetings with CEO Amir Schlachet and CFO Ofer Koren in Boston. Much was discussed, but key topics included the Q4 gross merchandise value hurdle, quarter-to-date trends, the Shopify (SHOP) Partnership, the potential impact of tariffs, and BorderFree, the firm notes. Jefferies came away incrementally positive on Global-e Online’s near-term outlook and long-term opportunity. The firm believes that Global-e Online presents an attractive combination of growth/profitability and that the stock should continue to perform well into 2025.
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 SHOP:
- HP Enterprise, Ulta Beauty report quarterly beats: Morning Buzz
- Shopify upgraded, Deere downgaded: Wall Street’s top analyst calls
- Loop Capital upgrades Shopify to Buy on AI initiatives
- Shopify upgraded to Buy from Hold at Loop Capital
- Shopify CEO reports $11.5B of merchant sales GMV over Black Friday-Cyber Monday