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Investment analysts at JPMorgan Chase & Co. began coverage on shares of Globant SA (NASDAQ:GLOB) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.

Shares of Globant SA (NASDAQ:GLOB) opened at 12.36 on Tuesday. Globant SA has a 1-year low of $10.65 and a 1-year 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 William Blair initiated coverage on shares of Globant SA in a research note on Tuesday. They set an “outperform” rating on the stock. 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.

Globant SA is technologies services provider focused on delivering software solutions that leverage technologies and related market trends.

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