GLBE soaring 8% today. A look at what's happening:

 Shares of Global-E Online Ltd. (GLBE) are trading 8% higher at a price of $36.755 at the time of this writing. So far the Consumer Discretionary sector has been having a somewhat pessimistic day, and the share price of the company is rocketing past it's peers.

1. Global-e Online reported better-than-expected Q2 sales results and issued strong FY22 guidance.
2. Keybanc boosted price target on the stock from $30 to $40.
3. BofA Securities raised their price target from $32 to $40.
4. Goldman Sachs raised their price target from $31 to $40.
5. Morgan Stanley raised their price target from $44 to $51.
6. GLBE shares jumped 24% to close at 34$ on Tuesday following the news of the analysts' reports..

Global-e Online's stock is moving up because they had strong sales results and issued strong guidance for next year, impressing analysts who then raised their price targets for the company's stock accordingly.

Global-E Online Ltd. has been trading between a 52-week high of $83.77 and a 52-week low of $15.63. The stock has a market cap of $5.75 Billion.

Global-e is the world's leading platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The chosen partner of more than 440 global brands and retailers across the United States, Europe and Asia, Global-e makes selling internationally as simple as selling domestically. Founded in 2013 by Amir Schlachet, Shahar Tamari and Nir Debbi, the company enables e-commerce retailers to increase the conversion of international traffic into sales by offering online shoppers in over 200 destinations worldwide a seamless, localized shopping experience.