As previously reported, Benchmark analyst Mark Zgutowicz initiated coverage of Global-e Online (GLBE) with a Buy rating and $50 price target ahead of the company reporting Q2 earnings on Tuesday, August 8. The firm expects a “strong” Q2 report and outlook to mark an inflection for the shares with an implied acceleration of next twelve months revenue driven by a healthy enterprise pipeline and new merchant pipeline via its Shopify Markets Pro (SHOP) exclusive partnership that will be exiting beta soon, the analyst tells investors.
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Read More on GLBE:
- Global-e Reports Second Quarter 2023 Results
- Global-e Online initiated with a Buy at Benchmark
- Global-e to Announce Financial Results for the Second Quarter 2023 on August 8, 2023
- Global-e Online downgraded to Equal Weight from Overweight at Morgan Stanley
- Global-e Online price target raised to $50 from $40 at Goldman Sachs