Streetbeat News

GLBE

Global-e Online Ltd.

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

Ituran Location and Control Ltd. (NASDAQ:ITRN) reported Q3 earnings of 63 cents per share, up from 49 cents in the year-ago period, with sales rising 12% to $81.05 million. The stock rose 11.3% to $27.69. Other stocks also moved higher, including Affirm Holdings, IRSA Inversiones, EHang Holdings, Xenon Pharmaceuticals, Applied Optoelectronics, Corporación América Airports, Global-e Online, Telecom Argentina, Grupo Financiero Galicia, DRDGOLD, Roku, Crown Castle after an activist fund's stake, Teva Pharmaceutical following an UBS upgrade, and Shopify after announcing record Black Friday sales.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 3:17 pm

Goldman Sachs analyst Will Nance has maintained a Buy rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $48 to $36.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 2:08 pm

UBS analyst Kunal Madhukar has maintained a Buy rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $50 to $45.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 6:17 pm

Benchmark analyst Mark Zgutowicz has maintained a Buy rating on Global E Online (NASDAQ:GLBE) but has reduced the price target from $50 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 5:08 pm

Raymond James has maintained its Outperform rating for Global E Online (NASDAQ:GLBE) but reduced its price target from $45.00 to $41.00. Despite the reduction, the new target suggests a significant upside of 40.31% from the current price of $29.22. Global E Online provides e-commerce solutions aimed at facilitating cross-border transactions with a focus on international shopper experience.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:00 pm

Global-E Online Ltd. (NASDAQ:GLBE) reported Q3 FY23 revenues of $133.605 million, missing consensus estimates of $140.97 million, and lowered FY23 revenue guidance to $563-$571 million from $570-$596 million, below the consensus of $588.85 million. The stock fell 27.1% after the announcement. Analysts from Raymond James, Keybanc, Morgan Stanley, and Needham adjusted their price targets accordingly, with varying ratings from Outperform to Equal-Weight.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 2:30 pm

Wall Street analysts have updated their price targets and ratings for several companies. Mizuho raised Intel's target from $37 to $50 and upgraded it to Buy, causing a 3% gain in shares. Other companies like Global-e Online, Target, and Catalent saw target increases, while Alcon, ZIM Integrated Shipping, Advance Auto Parts, Plug Power, and Li-Cycle Holdings faced target cuts and downgrades. Pre-market trading reflected these changes with varying stock price movements.

Portfolio Pulse from Lisa Levin

November 16, 2023 | 1:07 pm

Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $41 to $33.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:50 pm

Needham analyst Scott Berg has reiterated a Buy rating on Global E Online (NASDAQ: GLBE) and maintained a $48 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:51 am

Keybanc analyst Josh Beck has maintained an Overweight rating on Global E Online (NASDAQ: GLBE) but has reduced the price target from $42 to $40.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 8:47 am

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