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Morgan Stanley upgrades Global-E Online rating and raises price target to $50

Investing.com +2 ·

MS Morgan Stanley
$187.01 +3.66%
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GLBE GLBE -1.53%
  1. 1Global-E Online Ltd shares rose 2.1% on Monday.
  2. 2Morgan Stanley raised its price target for Global-E Online Ltd from $46 to $50.
  3. 3Analyst James Fosset noted that the stock is fundamentally undervalued at current levels.

So what's the key point?

Morgan Stanley evaluated Global-E Online Ltd shares as being cheaper than their actual value. Consequently, they raised their rating with an expectation that the stock will rise to $50.

Source Investing.com +2 · View original ↗

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