Morgan Stanley has decided to maintain its Overweight rating of Global E Online (NASDAQ:GLBE) and lower its price target from $48.00 to $34.00.
Shares of Global E Online are trading down 10.99% over the last 24 hours, at $20.09 per share.
A move to $34.00 would account for a 69.24% increase from the current share price.
About Global E Online
Global E Online Ltd provides e-commerce solutions. It offers a platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and, anywhere in the world. It localizes the shopper experience in an effort to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
