Global-e Online: Strong Financial Performance and Promising Growth Drive Buy Rating
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Needham analyst Scott Berg maintained a Buy rating on Global-e Online with a price target of $40.00, citing strong financial performance and promising growth prospects. The company reported impressive Q3 results, with GMV exceeding expectations by 2.5% and a robust pipeline of new customer acquisitions. Despite a slight decline in the services take rate, it is expected to stabilize. Bank of America Securities also maintained a Buy rating with a $50.00 price target.
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