Raymond James analyst Brian Peterson lowered the firm’s price target on Global-e Online (GLBE) to $42 from $45 and keeps an Outperform rating on the shares following Q1 results. Raymond James said that the company’s guidance is sufficiently conservative and the firm remains perplexed by the stock reaction post print. The firm added that it sees value with a catalyst on this pullback, especially with a 20%+ growth profile.
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