UBS raised the firm’s price target on Global-e Online (GLBE) to $68 from $60 and keeps a Buy rating on the shares. UBS sees potential upside to its Service Fees revenue take rate as well as gross profit take rate forecasts in the coming years based on management’s recent comments, and sees potential downside to its $610M Managed Markets Gross Merchandise Value estimate for 2025, the analyst tells investors in a research note.
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