BofA raised the firm’s price target on Global-e Online (GLBE) to $54 from $45 and keeps a Buy rating on the shares after the company reported “strong” Q3 results and tightened 2024 guidance with new midpoints that were “nicely raised.” The firm believes the results support the bull thesis that Global-e is positioned to be “the de facto standard” in the niche, but large, $175B cross-border total addressable market, the analyst tells investors.
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Read More on GLBE:
- Global-e Online price target raised to $60 from $45 at Benchmark
- Global-e Online price target raised to $63 from $44 at Piper Sandler
- Global-e Online price target raised to $64 from $46 at JMP Securities
- Global-e Online price target raised to $60 from $45 at Wells Fargo
- Global-e Online Ltd. Reports Strong Q3 2024 Growth