Global-e Online Ltd. ( NASDAQ:GLBE – Get Free Report )’s share price reached a new 52-week high on Wednesday. The company traded as high as $43.99 and last traded at $43.7150, with a volume of 178,724 shares traded. The stock had previously closed at $41.58.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on GLBE shares. Morgan Stanley lifted their target price on Global-e Online from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. The Goldman Sachs Group reissued a “buy” rating on shares of Global-e Online in a research report on Wednesday, August 12th. Citigroup reiterated a “market outperform” rating on shares of Global-e Online in a research report on Thursday, August 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $47.00 target price on shares of Global-e Online in a research note on Tuesday, September 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $48.00 price target on shares of Global-e Online in a research note on Wednesday, August 12th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a...