Analysts Offer Insights on Consumer Cyclical Companies: CarMax (KMX) and Global-e Online (GLBE)
Analysts fell to the sidelines weighing in on CarMax (KMX) and Global-e Online (GLBE) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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CarMax (KMX)
Morgan Stanley analyst Daniela Haigian reiterated a Hold rating on CarMax yesterday and set a price target of $35.00. The company’s shares closed last Tuesday at $40.64.
According to TipRanks.com, Haigian is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
Currently, the analyst consensus on CarMax is a Hold with an average price target of $37.64, a -7.1% downside from current levels. In a report released today, UBS also initiated coverage with a Hold rating on the stock with a $42.00 price target.
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Global-e Online (GLBE)
In a report released today, Matthew Coad from Truist Financial maintained a Hold rating on Global-e Online. The company’s shares closed last Tuesday at $29.68, close to its 52-week low of $28.11.
According to TipRanks.com, Coad is ranked 0 out of 5 stars with an average return of
Global-e Online has an analyst consensus of Strong Buy, with a price target consensus of $42.88, representing a 44.5% upside. In a report issued on May 12, TipRanks – PerPlexity also downgraded the stock to Hold with a $32.00 price target.
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