Globant S.A. (NYSE:GLOB – Get Free Report) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $205.88.
GLOB has been the subject of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Globant in a research report on Wednesday, March 12th. Piper Sandler dropped their price target on shares of Globant from $230.00 to $154.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Redburn Atlantic upgraded Globant from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $140.00 to $150.00 in a research note on Tuesday, February 25th. Canaccord Genuity Group decreased their price objective on Globant from $205.00 to $165.00 and set a “hold” rating on the stock in a research note on Monday, February 24th. Finally, StockNews.com downgraded Globant from a “hold” rating to a “sell” rating in a research note on Friday.
View Our Latest Research Report on GLOB
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Globant Stock Performance
GLOB stock opened at $118.74 on Tuesday. Globant has a one year low of $96.23 and a one year high of $238.32. The company has a market capitalization of $5.23 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 2.38 and a beta of 1.50. The company’s 50 day moving average price is $126.07 and its two-hundred day moving average price is $186.03.
Globant (NYSE:GLOB – Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.39). Globant had a return on equity of 11.83% and a net margin of 6.86%. The company had revenue of $642.48 million during the quarter, compared to analysts’ expectations of $644.42 million. On average, research analysts predict that Globant will post 5.73 EPS for the current year.
About Globant
Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.
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