Morgan Stanley Maintains Overweight on Global E Online, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley maintains an Overweight rating on Global E Online (NASDAQ:GLBE) and raises the price target from $37 to $40.
July 16, 2024 | 12:43 pm
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Morgan Stanley analyst James Faucette maintains an Overweight rating on Global E Online (NASDAQ:GLBE) and raises the price target from $37 to $40.
The increase in price target from $37 to $40 by a reputable analyst at Morgan Stanley is a positive signal for investors, indicating confidence in the company's future performance. This is likely to result in a short-term price increase for GLBE.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100