Jefferies analyst Samad Samana maintains $Global-E Online (GLBE.US)$ with a buy rating, and maintains the target price at $58.
According to TipRanks data, the analyst has a success rate of 54.8% and a total average return of 8.2% 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:
Following strong Q3 results and updated 2024 guidance with increased midpoints, there is reinforcement of the viewpoint that Global-e Online could become the essential standard in the specialized yet substantial $175B cross-border total addressable market.
Global-e Online delivered strong Q3 results and provided reassurances that the significant increase in gross merchandise value expected in Q4 is on schedule. The company offers unique visibility into its growth and free cash flow projections extending into 2025.
Following a 'solid' Q3 performance by the company, expectations have been set for sustained growth exceeding 25% over an extended period.
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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