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Globant SA (NASDAQ:GLOB)’s share price hit a new 52-week high on Wednesday , StockRatingsNetwork reports. The stock traded as high as $13.54 and last traded at $13.38, with a volume of 58,011 shares changing hands. The stock had previously closed at $13.13.

A number of analysts have recently weighed in on GLOB shares. Analysts at Credit Suisse initiated coverage on shares of Globant SA in a research note on Tuesday, August 12th. They set a “neutral” rating on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of Globant SA in a research note on Tuesday, August 12th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Globant SA in a research note on Tuesday, August 12th. They set an “overweight” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.00.

The stock’s 50-day moving average is $11.86 and its 200-day moving average is $11.86. The company has a market cap of $394.0 million and a price-to-earnings ratio of 25.15.

Globant SA (NASDAQ:GLOB) last released its earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $49.40 million for the quarter, compared to the consensus estimate of $37.40 million. Analysts expect that Globant SA will post $0.72 EPS for the current fiscal year.

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

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