Global-E Online Ltd. (NASDAQ:GLBE) is one of the 10 Stocks That Will Skyrocket When Oil Prices Fall. 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. 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.
On the same day, UBS also updated its view on Global-E Online Ltd., 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. 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.
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