UBS Reiterates Buy Rating on Global-E Online Ltd (GLBE)

UBS analyst Chris Zhang reiterated a Buy rating and $52.00 price target on Global-E Online Ltd (NASDAQ: GLBE).

The analyst commented, "Since Global-e announced the new strategic partnership agreement with Shopify last month, the implications of the changes in their relationship and commercial terms have remained front and center in investor discussions. We update our deep dive (originally part of our assumption of coverage) in the light of the changes, providing an updated primer on Global-e's business from Shopify merchants while also providing our detailed thoughts and analysis on the new agreement. This report covers topics including thoughts on the new agreement, a detailed bridge to Shopify's 2025-2028 targets reflecting the new agreement, background of the partnership, Shopify's ownership of Global-e shares, financial mechanics, details around the 3P (direct integration) and 1P (Managed Markets) business, and more."

For an analyst ratings summary and ratings history on Global-E Online Ltd click here. For more ratings news on Global-E Online Ltd click here.

Shares of Global-E Online Ltd closed at $32.46 yesterday.

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