Raymond James Maintains Outperform Rating for Global E Online: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for Global E Online (NASDAQ:GLBE) but reduced its price target from $45.00 to $41.00. Despite the reduction, the new target suggests a significant upside of 40.31% from the current price of $29.22. Global E Online provides e-commerce solutions aimed at facilitating cross-border transactions with a focus on international shopper experience.
November 16, 2023 | 5:00 pm
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Raymond James reaffirms Outperform rating for Global E Online with a reduced price target of $41, indicating a potential 40.31% upside from the current price.
The maintenance of an Outperform rating by Raymond James suggests a positive outlook on Global E Online's performance, while the price target reduction might reflect a more conservative view on the growth prospects. However, the new target still implies a substantial upside, which could be seen as a bullish signal for investors.
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