Benchmark Co. analyst Mark Zgutowicz maintains $Global-E Online (GLBE.US)$ with a buy rating, and adjusts the target price from $45 to $60.
According to TipRanks data, the analyst has a success rate of 58.6% and a total average return of 20.7% 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 robust Q3 results and adjusted their 2024 guidance with increased midpoints, it is believed that these outcomes reinforce the view that Global-e is well-positioned to become the leading standard in the significant yet specialized $175B cross-border total addressable market.
Global-e Online delivered impressive Q3 results and provided reassurances that the significant ramp in gross merchandise value anticipated for Q4 is proceeding as planned. The company is also expected to provide unique insights into its growth prospects and free cash flow until 2025.
Following a 'solid' Q3 performance by the company, there is an anticipation of sustained growth exceeding 25% over a prolonged duration.
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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