Benchmark lowered the firm’s price target on Global-e Online (GLBE) to $52 from $55 and keeps a Buy rating on the shares. The firm, which was “pleased” with Global-e’s Q1 results and outlook considering a still difficult consumer demand and global trade environment, also notes the company’s new commercial agreement with Shopify (SHOP), further extending its first-party Managed Markets and third-party penetration potential.
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Read More on GLBE:
- Strategic Positioning and Growth Potential: A Buy Recommendation for Global-e Online
- Global-e Online price target lowered to $40 from $45 at Wells Fargo
- 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
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