Global-e Online (GLBE) Receives a Buy from KeyBanc

In a report released today, Josh Beck from KeyBanc maintained a Buy rating on Global-e Online (GLBEResearch Report), with a price target of $30.00. The company’s shares closed last Wednesday at $23.65, close to its 52-week low of $15.63.

According to TipRanks.com, Beck is a 5-star analyst with an average return of 16.6% and a 57.1% success rate. Beck covers the Technology sector, focusing on stocks such as BigCommerce Holdings, AvidXchange Holdings, and Robinhood Markets.

Currently, the analyst consensus on Global-e Online is a Strong Buy with an average price target of $30.44.

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Global-e Online’s market cap is currently $3.7B and has a P/E ratio of -24.99.

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Global E Online Ltd provides e-commerce solutions. It offers a platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and to, anywhere in the world. It localizes the shopper experience in an effort to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce.

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