Benchmark lowered the firm’s price target on Global-e Online (GLBE) to $61 from $64 and keeps a Buy rating on the shares. The firm’s revised price target “conservatively factors” a compound annual revenue growth rate of 21.7% in FY25-FY28, versus guided mid-20 percent growth, in addition to free cash flow conversion at the low-end of a mid-to-high teens percent of revenue, the analyst noted.
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