Why Is Marketing Solutions Provider Global-E Online's Stock Diving Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2024
0mins
Source: Benzinga
Financial Performance: Global-E Online Ltd. reported a 26% year-over-year sales growth to $168 million, with a significant increase in gross merchandise value and non-GAAP gross profit, although the company revised its FY24 revenue guidance downward.
Market Reaction: Following the earnings report, GLBE shares fell by 8.33%, trading at $30.60, despite beating loss per share expectations.
Analyst Views on EIS
Wall Street analysts forecast EIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 117.820
Low
Averages
High
Current: 117.820
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
