Raymond James analyst Brian Peterson lowered the firm’s price target on Global-e Online (GLBE) to $55 from $60 and keeps an Outperform rating on the shares. Global-e’s Q1 results showed fundamental trends that were much stronger than recent concerns would suggest, but posted less upside than historical averages, the analyst tells investors in a research note. The extended Shopify (SHOP) agreement does create some noise around revenue and margin impact, though this was contemplated in the company’s long-term framework given at the March analyst day and shouldn’t change the long-term opportunity, the firm says.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLBE:
- Global-e Online price target lowered to $52 from $55 at Benchmark
- 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