Navigating 13 Analyst Ratings For Global E Online
Portfolio Pulse from Benzinga Insights
Global E Online (NASDAQ:GLBE) has received mixed analyst ratings over the last three months, with a total of 5 bullish, 7 somewhat bullish, and 1 indifferent rating. The average 12-month price target is now $43.38, down from $46.89. Analysts from firms including Piper Sandler, JMP Securities, Needham, Goldman Sachs, UBS, Benchmark, Morgan Stanley, Keybanc, and Raymond James have adjusted their price targets and ratings, with several maintaining their positive outlook but lowering their price targets. Global E Online provides cross-border e-commerce solutions and has shown a revenue growth rate of 26.57% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its net margin and ROE/ROA figures.

January 02, 2024 | 5:00 pm
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NEUTRAL IMPACT
Analysts have mixed views on Global E Online, with a lowered average price target of $43.38. The company has shown strong revenue growth but faces profitability and efficiency challenges.
The mixed analyst ratings and lowered price targets suggest uncertainty, which could lead to a neutral short-term impact on GLBE's stock price. The strong revenue growth is positive, but concerns about profitability and efficiency may temper investor enthusiasm.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100