Benchmark Co. analyst Mark Zgutowicz maintained a Buy rating on Global-e Online (GLBE – Research Report) today and set a price target of $42.00. The company’s shares closed last Friday at $40.98.
According to TipRanks, Zgutowicz is a 5-star analyst with an average return of 28.4% and a 59.39% success rate. Zgutowicz covers the Communication Services sector, focusing on stocks such as Spotify Technology SA, Meta Platforms, and Criteo SA.
Global-e Online has an analyst consensus of Strong Buy, with a price target consensus of $45.80.
See the top stocks recommended by analysts >>
GLBE market cap is currently $6.7B and has a P/E ratio of -47.70.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Global-e Online (GLBE) Company Description:
Global E Online Ltd provides e-commerce solutions. It offers a platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and to, anywhere in the world. It localizes the shopper experience in an effort to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce.
Read More on GLBE:
- Global-e to Announce Financial Results for the Fourth Quarter and Year End 2023 on February 21, 2024
- Global-e Online appoints CEO Europe, CTO and Chief Innovation Officer
- 5 Best Growth Stocks to Buy Now, According to Analysts – February 2024
- Wells Fargo bullish on Global-e Online, initiates with an Overweight
- Global-e Online initiated with an Overweight at Wells Fargo
