1 Monster Growth Stock that Could Soar 52%, According to Wall Street
Long-term investors don't typically stress analyst price targets, since these targets forecast just the next 12 months. That said, investigating what could move companies up or down to hit this goal can be a worthwhile exercise. Importantly, you might also find a long-term winner in the making.
Global-e Online (NASDAQ: GLBE) could be one of these big winners. The company provides cross-border e-commerce solutions that make it easier for businesses to sell goods internationally. Morgan Stanley analyst James Faucette has a price target of $51 on the company, implying a significant upside from the current stock price.
While this represents an aggressive increase in the company stock price over just one year, here's why Global-e could reach and possibly even exceed this price target over the long term.
Source Fool.com
