Global-e Online (NASDAQ:GLBE) Updates Q2 2021 Earnings Guidance

Global-e Online (NASDAQ:GLBE) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $46.80 million-48.80 million.

A number of brokerages recently commented on GLBE. Raymond James began coverage on Global-e Online in a research report on Monday. They issued an outperform rating and a $41.00 target price on the stock. Jefferies Financial Group initiated coverage on Global-e Online in a research report on Monday. They issued a buy rating and a $44.00 target price on the stock. The Goldman Sachs Group initiated coverage on Global-e Online in a report on Monday. They issued a buy rating and a $44.00 price target for the company. Morgan Stanley initiated coverage on Global-e Online in a report on Monday. They issued an overweight rating and a $42.00 price target for the company. Finally, Piper Sandler initiated coverage on Global-e Online in a report on Monday. They issued an overweight rating and a $42.00 price target for the company. Seven analysts have rated the stock with a buy rating, The company has an average rating of Buy and a consensus target price of $42.57.

GLBE stock traded up $3.63 during mid-day trading on Friday, reaching $47.26. The company had a trading volume of 39,067 shares, compared to its average volume of 802,088. Global-e Online has a fifty-two week low of $24.22 and a fifty-two week high of $44.90.

About Global-e Online

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, and internationally. Its platform enables international shoppers to buy online; and merchants to sell from and to anywhere in the world.

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