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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100