UBS Maintains Buy on Global E Online, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kunal Madhukar maintains a Buy rating on Global E Online (NASDAQ:GLBE) but lowers the price target from $50 to $48.
October 18, 2024 | 2:14 pm
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UBS analyst Kunal Madhukar maintains a Buy rating on Global E Online but lowers the price target from $50 to $48, indicating a slight decrease in expected valuation.
The Buy rating suggests continued confidence in GLBE's performance, but the lowered price target indicates a slight adjustment in valuation expectations. This may result in a neutral short-term impact as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100