BofA raised the firm’s price target on Global-e Online (GLBE) to $50 from $48 and keeps a Buy rating on the shares. The company reported strong Q3 results with gross merchandise volume, total revenue, and adjusted EBITDA above estimates, the analyst tells investors in a research note. The firm noted that while the midpoint of the total revenue guidance was raised, the top-end of the range was brought in, which could be viewed negatively. The analyst added, though, that it raised its forecasts on higher GMV growth assumptions and has increased confidence in the company’s execution potential.
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:
- Midday Fly By: Target reports mixed Q3, Adobe buying Semrush
- Global-e Online Reports Strong Q3 2025 Results with Significant Growth
- Global-e Online raises FY25 revenue view to $944.1M-$960.1M from $921.5M-$971.5M
- Global-e Online reports Q3 EPS 7c, consensus 22c
- Global-e Online sees Q4 revenue $318.5M-$334.5M, consensus $321.79M