Global-e Online (NASDAQ:GLBE – Get Rating) had its price target lowered by The Goldman Sachs Group from $38.00 to $33.00 in a report published on Thursday, Marketbeat reports. The firm currently has a buy rating on the stock.
Several other brokerages have also issued reports on GLBE. Needham & Company LLC boosted their target price on Global-e Online from $25.00 to $44.00 and gave the company a buy rating in a research note on Wednesday, August 17th. KeyCorp lowered their target price on shares of Global-e Online from $40.00 to $30.00 and set an overweight rating on the stock in a research note on Thursday. Morgan Stanley boosted their price objective on Global-e Online from $34.00 to $51.00 and gave the stock an overweight rating in a report on Wednesday, August 17th. Jefferies Financial Group lowered their price target on Global-e Online from $42.00 to $32.00 and set a buy rating on the stock in a research report on Thursday. Finally, Bank of America upped their price objective on shares of Global-e Online from $30.00 to $40.00 and gave the company a buy rating in a research note on Wednesday, August 17th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $36.67.
Global-e Online Stock Down 1.5 %
Global-e Online stock opened at $20.42 on Thursday. The company has a market capitalization of $3.18 billion, a P/E ratio of -16.74 and a beta of 1.07. The firm has a 50 day moving average price of $26.04 and a 200-day moving average price of $24.85. Global-e Online has a twelve month low of $15.63 and a twelve month high of $69.83.
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Global-e Online Company Profile
Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.
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