|Analyst / Firm||Company||Price||Rating||Price Target||Upside/Downside||Date|
Bank of America
Global E Online LtdGLBE
a day ago
#187 out of 4174 analysts
53%57 out of 107
Risk vs Reward
Maintaining his Strong Buy rating, Arya bumped up his price target on Global-e Online Ltd. by 2.9% following the release of the company's Q4 and FY 2022 earnings report last month.
Q4's results were "good," the analyst summarized, and management laid out better-than-expected 2023 GMV and revenue guidance.
The ~40% year-over-year GMV and revenue growth guidance were "a testament to the importance of cross-border transactions for retailers and brands," Arya said.
Management is taking a more conservative approach to guidance, the analyst noted approvingly, which provides "confidence that there is upside potential if the macro backdrop doesn't significantly deteriorate further."
2 days ago
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