Goldman Sachs Maintains Buy on Global E Online, Raises Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Will Nance has reaffirmed a Buy rating on Global E Online (NASDAQ: GLBE) and increased the price target from $36 to $46.
January 11, 2024 | 1:16 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Buy rating on Global E Online and raises the price target to $46, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100