GLBE Crosses Above Average Analyst Target
August 17, 2022 at 07:49 AM EDT
In recent trading, shares of Global-E Online Ltd (GLBE) have crossed above the average analyst 12-month target price of $30.55, changing hands for $34.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..