Globant SA Coverage Initiated by Analysts at Credit Suisse (GLOB)
Analysts at Credit Suisse assumed coverage on shares of Globant SA (NASDAQ:GLOB) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of 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 has a 50-day moving average of $11.48 and a 200-day moving average of $11.48. The company has a market cap of $412.1 million and a price-to-earnings ratio of 23.39.
A number of other analysts have also recently weighed in on GLOB. Analysts at Cowen and Company initiated coverage on shares of Globant SA in a research note on Tuesday. They set an “outperform” rating and a $15.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price 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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