Truist lowered the firm’s price target on Global-e Online (GLBE) to $42 from $43 and keeps a Hold rating on the shares as part of a broader research note on Payments. The firm is adjusting its model after the company’s Q4 results and its lower estimates for revenues and gross profit as it continues to worry about worse than expected take rate compression, the analyst tells investors in a research note.
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Read More on GLBE:
- Global-e Online price target raised to $52 from $50 at BofA
- Global-e Online price target raised to $60 from $52 at Benchmark
- Global-e Online price target lowered to $40 from $45 at KeyBanc
- Global-e Online price target raised to $43 from $38 at Morgan Stanley
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