Morgan Stanley analyst James Faucette downgraded Global-e Online to Equal Weight from Overweight with a price target of $45, up from $38. Market growth expectations exceed Morgan Stanley’s raised estimates and the stock’s valuation has expanded meaningfully, creating a balanced risk/reward at current levels, the analyst tells investors in a research note. The firm says buy-side expectations for Global-e Online are well ahead of its new 2024 forecasts.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GLBE: