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

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

GLBE stock traded up $3.63 during trading on Friday, hitting $47.26. 39,067 shares of the stock traded hands, compared to its average volume of 802,088. Global-e Online has a 1 year low of $24.22 and a 1 year high of $44.90.

Several analysts recently commented on GLBE shares. JMP Securities started coverage on shares of Global-e Online in a research report on Monday. They set an outperform rating and a $43.00 price objective on the stock. Piper Sandler started coverage on shares of Global-e Online in a report on Monday. They set an overweight rating and a $42.00 price target on the stock. KeyCorp started coverage on shares of Global-e Online in a report on Monday. They set an overweight rating and a $42.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Global-e Online in a report on Monday. They set a buy rating and a $44.00 price target on the stock. Finally, Morgan Stanley started coverage on shares of Global-e Online in a report on Monday. They set an overweight rating and a $42.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, Global-e Online has an average rating of Buy and a consensus price target of $42.57.

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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