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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 raised to $48 from $42 at Piper Sandler
- Global-e Online: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Global-e Online: Strong Financial Performance and Promising Growth Drive Buy Rating
- Global-e Online Ltd. Reports Strong Q3 2025 Results
- Global-E’s Earnings Call Highlights Robust Growth and Strategic Initiatives