Truist analyst Matthew Coad initiated coverage of Global-e Online (GLBE) with a Sell rating and $31 price target The firm says that as a cross-border e-commerce specialist, Global-e is “arguably the most exposed company” to the tariff war. The Street has not decreased estimates enough for the evolving macro backdrop, the analyst tells investors in a research note. Until the Street resets its growth expectations lower, the shares will underperform peers, contends Truist.
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