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Truist Analyst Matthew Coad Raises Global-E Online (GLBE) PT to $43 Following FinTech Sector Preview
Yahoo Finance· 2026-01-23 02:52
Company Overview - Global-E Online Ltd. (NASDAQ:GLBE) operates a direct-to-consumer cross-border e-commerce platform in Israel, the UK, the US, and internationally [4] Analyst Insights - Truist analyst Matthew Coad raised the price target for Global-E Online to $43 from $41 while maintaining a Hold rating, indicating a positive outlook for the stock [1] - The firm anticipates solid quarterly results for Global-E but warns that challenging year-over-year comparisons may limit significant increases in transaction volume [2] - Earlier, on December 11, Coad upgraded Global-E Online from Sell to Hold with a price target increase from $36 to $41, reflecting a more favorable outlook for transaction volume growth in 2026 [3] Market Context - Truist remains generally optimistic about the FinTech sector for 2026, although management teams may provide conservative initial guidance to reset market expectations [2] - The payments and fintech sectors are noted to have attractive valuations when adjusted for growth potential, following a period of poor stock performance [3]