Truist analyst Matthew Coad lowered the firm's price target on Global-e Online to $34 from $37 and keeps a Hold rating on the shares as part of a broader research note on Payments names. The firm is increasing its estimates across metrics driven by the strong Q1 outperformance from elevated same store sales growth and a better-than-expected volume contribution from recent new merchant additions, though its reduced price target reflects lower comp multiples, the analyst tells investors in a research note.
