Wells Fargo added Global-e Online to the firm’s Q2 Tactical Ideas List. Wells says Q4 earnings reminded investors of the cyclical nature in Global-e Online’s business, but created an intriguing buying opportunity given 2024 catalysts remain intact and guidance, which in its view, is conservative. The firm has an Overweight rating on the shares with a price target of $40.
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Read More on GLBE:
- Global-e Online added to Jefferies Franchise Picks List
- Global-e Online price target lowered to $40 from $50 at Wells Fargo
- GLBE Earnings: Global-e Plunges 15% after Mixed Q4 Print
- Global-E Reports Fourth Quarter and Full Year 2023 Results
- Global-e Online sees 2024 revenue $731M-$771M, consensus $756.02M
