Needham raised the firm’s price target on Global-e Online (GLBE) to $47 from $40 and keeps a Buy rating on the shares. After meeting with the company’s President Nir Debbi, the firm has come away with a positive view after getting several updates, the analyst tells investors in a research note. Consumer behavior is changing the shape of November’s sales with the Black Friday-Cyber Monday peak a touch below expectations, but a much stronger early November period is driving overall holiday sales ahead of expectations, Needham added.
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