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Global-e Online price target raised to $63 from $58 at Jefferies
The Fly

Global-e Online price target raised to $63 from $58 at Jefferies

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.

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