Morgan Stanley Upgrades Global-E Online to Overweight on Sales Outlook
Photo: TokenPost
Morgan Stanley upgraded Global-E Online Ltd. (GLBE) to Overweight on Oct. 19, judging the direct-to-consumer e-commerce company’s same-store sales growth stronger and more durable than the market recognizes. The bank expects strong sales growth and sees both the scale of recent same-store sales gains and their potential to persist as underappreciated. Global-E Online’s shares trade on Nasdaq under GLBE. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
