Global-e Online (NASDAQ:GLBE) Price Target Cut to $40.00

Global-e Online NASDAQGLBE is a company that operates in the e-commerce industry. The company's stock is listed on the Nasdaq Global Select Market under the ticker symbol "NASDAQGLBE". On Thursday, research analysts at Wells Fargo & Company issued a report on the company and cut its price objective from $50.00 to $40.00. The brokerage currently has an "overweight" rating on the stock, which means they believe that the stock is undervalued and has potential for growth.

Wells Fargo & Company's target price of $40.00 suggests a potential upside of […]%, which means that if the stock reaches this price, it would have increased in value by […]%. It is important to note that this is just an estimate and the actual performance of the stock may differ.

It's also worth mentioning that research reports from brokerage firms are not always accurate and should be taken with a grain of salt. Additionally, it's important to do your own research and consider seeking advice from a financial advisor before making any investment decisions.