Truist raised the firm’s price target on Global-e Online (GLBE) to $36 from $32 and keeps a Sell rating on the shares. The firm’s gross profit forecasts increase is in the low-single-digit range, due to an expectation for faster Gross Merchandise Volume growth, though this was partially offset by an increased level of take rate compression, the analyst tells investors in a research note.
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Read More on GLBE:
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