Morgan Stanley analyst James Faucette maintains $Global-E Online (GLBE.US)$ with a hold rating, and adjusts the target price from $40 to $52.
According to TipRanks data, the analyst has a success rate of 65.0% and a total average return of 5.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Global-E Online (GLBE.US)$'s main analysts recently are as follows:
After Global-e Online reported strong Q3 results and adjusted 2024 guidance to higher midpoints, it is perceived that these outcomes affirm the belief that Global-e is likely to become the de facto standard in the significant yet niche $175B cross-border total addressable market.
The company has posted encouraging Q3 results and has reassured stakeholders that the substantial ramp-up in gross merchandise value anticipated for Q4 is proceeding as planned. The firm appreciates that Global-e Online continues to provide a clear outlook on its growth and free cash flow projections through 2025.
Following a 'solid' Q3 performance by Global-e Online, the durability of maintaining over 25% growth for an extended period has been highlighted.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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