Benchmark analyst Mark Zgutowicz lowered the firm’s price target on Global-e Online (GLBE) to $55 from $61 and keeps a Buy rating on the shares ahead of the company’s Q1 report due on Wednesday, May 14. The firm reduced its Q1 and FY25 GMV forecasts to $1.23B and $6.31B, respectively, based on a correlation analysis with U.S. non-store retail sales, which notably weakened in March. The firm’s FY25 reduction accounts for macro fluidity factoring an uncertain consumer spending trendline, the analyst tells investors in a preview.
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