Globant SA Coverage Initiated by Analysts at Cowen and Company (GLOB)
Equities research analysts at Cowen and Company initiated coverage on shares of Globant SA (NASDAQ:GLOB) in a research note issued to investors on Tuesday. The firm set an “outperform” rating and a $15.00 price target on the stock. Cowen and Company’s price target would indicate a potential upside of 25.52% from the company’s current price.
Globant SA (NASDAQ:GLOB) opened at 12.36 on Tuesday. Globant SA has a 52 week low of $10.65 and a 52 week high of $13.25. The stock’s 50-day moving average is $11.48 and its 200-day moving average is $11.48. The company has a market cap of $412.1 million and a P/E ratio of 23.39.
GLOB has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Globant SA in a research note on Tuesday. They set an “overweight” rating and a $15.00 price target on the stock. Separately, analysts at William Blair initiated coverage on shares of Globant SA in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Globant SA in a research note on Tuesday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $15.00.
Globant SA is technologies services provider focused on delivering software solutions that leverage technologies and related market trends.
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