Needham Reiterates Buy on Global E Online, Maintains $48 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Scott Berg has reiterated a Buy rating on Global E Online (NASDAQ: GLBE) and maintained a $48 price target for the company's stock.
December 04, 2023 | 11:49 am
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Needham analyst Scott Berg reaffirmed a Buy rating on Global E Online and kept the price target at $48, indicating a positive outlook on the stock.
The reiteration of a Buy rating by a reputable analyst like Scott Berg from Needham, along with the maintenance of a $48 price target, suggests a strong vote of confidence in Global E Online's stock. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100