Why Global-e Online Stock Rallied (Again) on Wednesday

·2 min read

Shares of Global-e Online (NASDAQ: GLBE) charged sharply higher again on Wednesday, surging as much as 9.1%. After Global-e Online reported better-than-expected second-quarter results, a number of Wall Street's finest chimed in after updating their financial models. Raymond James analyst Brian Peterson increased his price target on Global-e Online to $40, up from $25, while maintaining an outperform (buy) rating on the shares, according to The Fly.