Niche e-commerce company Global-e Online (NASDAQ: GLBE) was having a fine Thursday on the stock market -- its second consecutive day of market-beating gains. Its shares were enjoying a nearly 4% rise late in the trading session, following Wednesday's 2.5% improvement, on continued bullishness arising from two beneficial factors.

Wednesday morning, Autonomous Research initiated coverage on Global-e stock. Happily for the e-commerce specialist and its investors, Autonomous tagged it with an outperform (buy, in other words) recommendation at a price target of $28 per share. That implies a hefty premium of nearly 22% on the shares' current level. 

The reasoning behind this quite bullish analysis wasn't immediately evident. Its publication did, however, closely follow another positive catalyst for Global-e.

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Source Fool.com