UBS Initiates Coverage On Global E Online with Buy Rating, Announces Price Target of $50
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kunal Madhukar has initiated coverage on Global E Online (NASDAQ:GLBE) with a Buy rating and a price target of $50.
September 22, 2023 | 9:49 am
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UBS has initiated coverage on Global E Online with a Buy rating and a price target of $50, which could potentially drive the stock price up in the short term.
Analyst ratings and price targets can significantly influence the stock price. A Buy rating from a reputable institution like UBS indicates a positive outlook for the stock. The price target of $50, if higher than the current price, suggests that the analyst expects the stock to appreciate, which could encourage investors to buy, driving the stock price up.
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