Wells Fargo lowered the firm’s price target on Global-e Online (GLBE) to $40 from $45 and keeps an Overweight rating on the shares. While investors were initially relieved to see that tariffs had not created any incremental pressure on activity levels, whatever goodwill created was overshadowed by renewed Shopify (SHOP) partnership terms, the firm says.
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Read More on GLBE:
- Global-e Online: Buy Rating Reaffirmed Despite Short-term Challenges, Long-term Growth Potential in $175 Billion Market
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