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

In a report released today, Scott Berg from Needham maintained a Buy rating on Global-e Online (GLBEResearch Report), with a price target of $25.00. The company’s shares closed last Tuesday at $20.02, close to its 52-week low of $15.63.

According to TipRanks.com, Berg is a 4-star analyst with an average return of 5.0% and a 42.9% success rate. Berg covers the Technology sector, focusing on stocks such as BigCommerce Holdings, Ceridian HCM Holding, and Bill.com Holdings.

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.

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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.

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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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