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
- Global-e Online Ltd. Reports Strong Q1 2025 Results
- Global-E Online Announces Annual Shareholders Meeting for June 2025
- Global-e Online Reports Strong Q1 2025 Results and Extends Partnership with Shopify
- Global-e Online reports Q1 EPS (11c), consensus 8c