Jabran Kundi
2 min read
Global-E Online Ltd. (NASDAQ:GLBE) is one of the 10 Stocks That Will Skyrocket When Oil Prices Fall. On March 31, Bank of America Securities analyst Matt Bullock initiated coverage of Global-E Online Ltd. (NASDAQ:GLBE) with a Buy rating and a price target of $43. The firm’s price target implies an additional 37.9% upside from the current levels. The firm said the company is still in the early stages of capturing a large opportunity in the software market. BofA added that Global-E Online Ltd. (NASDAQ:GLBE) is making steady progress toward becoming a leading platform in cross-border e-commerce. Over time, the company is expected to strengthen its position and potentially establish itself as a key industry standard by 2030.
On the same day, UBS also updated its view on Global-E Online Ltd. (NASDAQ:GLBE), reiterating a Buy rating while reducing its price target. UBS analyst Christopher Zhang lowered the firm’s price target on the stock from $52 to $50. The firm’s revised price target suggests a further 60% upside from the current levels. This upside is consistent with the median Wall Street analyst upside of about 53%, based on 14 analysts covering the stock. Even the lowest Wall Street price target of $42 implies 34% upside.
Global-E Online Ltd. (NASDAQ:GLBE) operates as a cross-border e-commerce platform provider that supports direct-to-consumer transactions. The company operates in the United States, Israel, the United Kingdom, and internationally. Founded in 2013, Global-E Online is based in Petah Tikva, Israel.
While we acknowledge the potential of GLBE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Affordable Growth Stocks to Buy for the Next 5 Years and 8 Dirt Cheap Stocks to Buy With $1000 Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
