KeyBanc has adjusted its price target for Global-e Online (GLBE, Financial), reducing it from $60 to $45. This revision reflects the firm's more cautious outlook on the company's annual revenue projections. Despite this adjustment, the firm has retained an Overweight rating on the stock.
The decision to lower the price target comes in the wake of new tariffs announced on what is referred to as "Liberation Day" and a broader market recalibration. These factors prompted KeyBanc to revise its expectations downward ahead of Global-e Online's first-quarter earnings report. The reassessment also considers a softer consumer discretionary spending environment in the U.S. than previously projected.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Global E Online Ltd (GLBE, Financial) is $56.15 with a high estimate of $66.00 and a low estimate of $37.00. The average target implies an upside of 70.47% from the current price of $32.94. More detailed estimate data can be found on the Global E Online Ltd (GLBE) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Global E Online Ltd's (GLBE, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Global E Online Ltd (GLBE, Financial) in one year is $69.34, suggesting a upside of 110.5% from the current price of $32.94. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Global E Online Ltd (GLBE) Summary page.
