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Morgan Stanley Upgrades Global-E Online to Overweight on Sales Outlook

The bank sees the company’s same-store sales growth as stronger and more durable than the market recognizes.

Three unmarked parcels sit on ascending concrete blocks. / TokenPost.ai
Three unmarked parcels sit on ascending concrete blocks. / TokenPost.ai

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

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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