Analyst RecommendationAnalyst reiterates a Buy rating for GLBS, with a $4 price target, supported by proactive ordering of new ships and an outlook for sustainable demand.
Financial GrowthGLBS is forecasted to generate free cash flow in 2H24, 2025, and 2026, indicating financial stability and growth potential.
Fleet ExpansionGLBS announced the acquisition of two dry bulk ships, which is expected to offset the decline in shipping rates with additional revenue.