5 Stocks That Will Skyrocket When Oil Prices Fall

Page 1 of 5

In this article, we will list the 5 Stocks That Will Skyrocket When Oil Prices Fall. Please visit the 10 Stocks That Will Skyrocket When Oil Prices Fall article if you’d like to see an extended list and how we came up with the list.

5. Global-E Online Ltd. (NASDAQ:GLBE)

On March 31, Bank of America Securities analyst Matt Bullock initiated coverage of Global-E Online Ltd. (NASDAQ:GLBE) with a Buy rating and a price target of $43. The firm’s price target implies an additional 37.9% upside from the current levels. The firm said the company is still in the early stages of capturing a large opportunity in the software market. BofA added that Global-E Online Ltd. (NASDAQ:GLBE) is making steady progress toward becoming a leading platform in cross-border e-commerce. Over time, the company is expected to strengthen its position and potentially establish itself as a key industry standard by 2030.

5 Stocks That Will Skyrocket When Oil Prices Fall

blake-wisz-Xn5FbEM9564-unsplash

On the same day, UBS also updated its view on Global-E Online Ltd. (NASDAQ:GLBE), reiterating a Buy rating while reducing its price target. UBS analyst Christopher Zhang lowered the firm’s price target on the stock from $52 to $50. The firm’s revised price target suggests a further 60% upside from the current levels. This upside is consistent with the median Wall Street analyst upside of about 53%, based on 14 analysts covering the stock. Even the lowest Wall Street price target of $42 implies 34% upside.

Global-E Online Ltd. (NASDAQ:GLBE) operates as a cross-border e-commerce platform provider that supports direct-to-consumer transactions. The company operates in the United States, Israel, the United Kingdom, and internationally. Founded in 2013, Global-E Online is based in Petah Tikva, Israel.

Page 1 of 5