Goldman Sachs Maintains Buy on Global E Online, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has maintained a Buy rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $48 to $36.
November 17, 2023 | 2:08 pm
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Goldman Sachs reaffirmed a Buy rating on Global E Online but lowered the price target from $48 to $36, indicating a potential downside compared to the previous target.
The reduction in price target by a reputable analyst like Goldman Sachs suggests a reassessment of the company's future growth or profitability, which could lead to a negative short-term reaction in the stock price. However, the maintenance of a Buy rating indicates the overall outlook remains positive.
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IMPORTANCE 75
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