UBS Maintains Buy on Global E Online, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kunal Madhukar has maintained a Buy rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $50 to $45.
November 16, 2023 | 6:17 pm
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UBS analyst Kunal Madhukar maintains a Buy rating on Global E Online but lowers the price target from $50 to $45.
While the reduction in price target could suggest a more conservative outlook on the stock's future performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. The mixed signals may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100