Piper Sandler Maintains Overweight on Global E Online, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Global E Online (NASDAQ:GLBE) but reduced the price target from $47 to $45.
November 15, 2023 | 6:55 pm
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Piper Sandler has maintained its Overweight rating on Global E Online but lowered the price target from $47 to $45, indicating a positive outlook with a slightly reduced growth expectation.
While the Overweight rating suggests that Piper Sandler is still bullish on Global E Online's prospects, the reduction in the price target could imply a tempered growth forecast or a response to market conditions. This news is likely to be viewed neutrally by investors as the positive rating is maintained but the price target is slightly lowered.
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IMPORTANCE 75
RELEVANCE 100