Global-e Online price target raised to $55 from $52 at Morgan Stanley

Morgan Stanley analyst James Faucette raised the firm’s price target on Global-e Online (GLBE) to $55 from $52 and keeps an Equal Weight rating on the shares. Most investors tend to be of the view that Q4 gross merchandise volume will grow 40%-43% year-over-year and Global-e likely has to print close to the high-end of Q4 GMV and guide at least in-line with Street inclusive of a forex headwind for the stock to work on the print, the analyst tells investors in a preview ahead of the report scheduled on Wednesday, February 19.