Why Shares of Global-e Online Are Skyrocketing Today [Yahoo! Finance]
Global-E Online Ltd. - ordinary shares (GLBE)
Company Research
Source: Yahoo! Finance
ET on Wednesday, according to data provided by S&P Global Market Intelligence Global-e Online reported third-quarter earnings Wednesday morning and delivered sales growth of 32%, along with an increase of 41% in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » However, what really seems to have prompted the stock's upward trajectory today was management's guidance for sales and adjusted EBITDA growth to accelerate to 34% and 55%, respectively, in the fourth quarter. Global-e solves a wide array of problems facing brands selling internationally, ranging from duty drawback programs and calculating regional taxes to offering payments and pricing in local currencies along with multilingual shopping services. In simplest terms, the company takes care of all the complexities of international sales that a company doesn't want to (or cannot) hand
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GLBE
News
- Global-E Online Ltd. (NASDAQ: GLBE) had its price target raised by analysts at Raymond James from $41.00 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
- Global-E Online Ltd. (NASDAQ: GLBE) had its price target raised by analysts at Wells Fargo & Company from $45.00 to $60.00. They now have an "overweight" rating on the stock.MarketBeat
- Global-E Online Ltd. (NASDAQ: GLBE) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $63.00 price target on the stock, up previously from $44.00.MarketBeat
- Global-E Online Ltd. (NASDAQ: GLBE) had its price target raised by analysts at JMP Securities from $46.00 to $64.00. They now have a "market outperform" rating on the stock.MarketBeat
- Company News for Nov 21, 2024 [Yahoo! Finance]Yahoo! Finance
GLBE
Earnings
- 11/20/24 - Beat
GLBE
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- GLBE's page on the SEC website