Piper Sandler Reiterates Overweight on Global E Online, Maintains $54 Price Target
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has reiterated an Overweight rating on Global E Online (NASDAQ:GLBE) and maintained a $54 price target.
September 26, 2023 | 8:22 am
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Piper Sandler's reiteration of an Overweight rating and $54 price target on Global E Online could potentially influence the stock's performance.
Analyst ratings and price targets can significantly influence investor sentiment and stock performance. The reiteration of an Overweight rating indicates that the analyst believes the stock will outperform its industry peers. The maintained price target of $54 suggests that the analyst sees potential for the stock's price to rise to this level. This could potentially lead to increased investor interest in the stock, positively impacting its price in the short term.
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