JMP Securities Thinks Global-e Online’s Stock is Going to Recover

In a report released yesterday, Patrick Walravens from JMP Securities maintained a Buy rating on Global-e Online (GLBEResearch Report), with a price target of $41.00. The company’s shares closed last Tuesday at $19.78, close to its 52-week low of $15.63.

According to TipRanks.com, Walravens is a 4-star analyst with an average return of 4.1% and a 44.4% success rate. Walravens covers the Technology sector, focusing on stocks such as Zoom Video Communications, Qualtrics International, and ZoomInfo Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global-e Online with a $32.33 average price target, representing a 71.4% upside. In a report released yesterday, Needham also maintained a Buy rating on the stock with a $25.00 price target.

See the top stocks recommended by analysts >>

The company has a one-year high of $83.77 and a one-year low of $15.63. Currently, Global-e Online has an average volume of 1.89M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on GLBE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed