{
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ubs lowers global-e online price target while maintaining buy rating

UBS has lowered its price target for Global-e Online (GLBE) to $48 from $50 while maintaining a Buy rating. The company is positioned to tap into an $800B market, with expectations of over 30% growth in gross merchandise value and profit over the next three years. Analysts anticipate Q3 as a pivotal moment, driven by increased merchant launches and a strong customer pipeline, suggesting robust growth prospects for 2025 and beyond.
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13:03 18.10.2024
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