Stock Track | Global-E Online Soars 5.01% Intraday on Analyst Price Target Hikes

Stock Track02-20

Global-E Online Ltd. (GLBE) saw its stock price soar 5.01% during Thursday's intraday trading session, reflecting strong positive momentum.

The surge appears driven by bullish analyst actions. Benchmark raised its price target on the stock to $60 from $52 while maintaining a Buy rating, citing the company's better-than-expected fourth-quarter gross merchandise volume (GMV) and revenue. In a separate move, Morgan Stanley also increased its price target for Global-E Online. These upgrades signal growing analyst confidence in the company's financial performance and future prospects.

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(GLBE) saw its stock price soar 5.01% during Thursday's intraday trading session, reflecting strong positive momentum.</p><p>The surge appears driven by bullish analyst actions. Benchmark raised its price target on the stock to $60 from $52 while maintaining a Buy rating, citing the company's better-than-expected fourth-quarter gross merchandise volume (GMV) and revenue. In a separate move, Morgan Stanley also increased its price target for Global-E Online. 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