Streetbeat News

GLBE

Global-e Online Ltd.

https://www.global-e.com

Industry

Specialty Retail

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide. Global-E Online Ltd. was incorporated in 2013 and is headquartered in Petah Tikva, Israel.

Open

40.61

Mkt cap

6.7B

Volume

645K

High

40.61

P/E Ratio

-62.97

52-wk high

43.52

Low

39.77

Div yield

N/A

52-wk low

28.11

B of A Securities analyst Vivek Arya maintains a Buy rating on Global E Online (NASDAQ:GLBE) but lowers the price target from $47 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:18 pm

Over the past three months, 12 analysts have shared their evaluations of Global E Online (NASDAQ:GLBE), with a mix of bullish and somewhat bullish ratings. The average 12-month price target is $44.42, slightly up from the previous $44.09. Analysts have adjusted their ratings and price targets based on recent developments, reflecting a generally positive outlook for the company.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 1:00 pm

Piper Sandler analyst Brent Bracelin maintains an Overweight rating on Global E Online (NASDAQ:GLBE) but lowers the price target from $47 to $44.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 10:29 am

Needham analyst Scott Berg reiterates a Buy rating on Global E Online (NASDAQ:GLBE) and maintains a $48 price target.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:47 am

Global-E Online Ltd. (NASDAQ:GLBE) shares are trading lower after the company reported second-quarter FY24 results and revised its outlook. Despite beating sales and earnings estimates, the company lowered its FY24 revenue guidance, causing the stock to drop by 8.33%. Investors can gain exposure to the stock via Amplify BlueStar Israel Technology ETF (NYSE:ITEQ) and iShares MSCI Israel ETF (NYSE:EIS).

Portfolio Pulse from Lekha Gupta

August 14, 2024 | 2:11 pm

Global-E Online shares are trading lower after the company reported Q2 financial results and issued Q3 revenue guidance below estimates. Additionally, the company cut its FY24 revenue guidance with its midpoint below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:44 am

Global-e Online shares are trading lower after the company cut its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:44 am

Global-e Online has revised its FY24 revenue outlook from a range of $733M - $773M to $710M - $750M, compared to an estimated $748.6M.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:07 am

Global-e Online has announced its Q3 revenue forecast to be between $165.7 million and $171.7 million, which is below the estimated $177.88 million.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:05 am

Global E Online (NASDAQ:GLBE) reported Q2 2024 GAAP EPS of $(0.13), beating the $(0.17) estimate. Sales were $168.008M, surpassing the $165.931M estimate and marking a 26.03% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 11:03 am

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