Mizuho Issues Pessimistic Forecast for Globant (NYSE:GLOB) Stock Price

Globant (NYSE:GLOB) had its price target dropped by investment analysts at Mizuho from $91.00 to $76.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the information technology services provider’s stock. Mizuho’s price target points to a potential upside of 45.99% from the company’s current price.

Several other brokerages have also weighed in on GLOB. Truist Financial began coverage on shares of Globant in a research note on Tuesday, January 6th. They set a “hold” rating and a $72.00 target price for the company. Needham & Company LLC lowered their price objective on shares of Globant from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a report on Monday, December 29th. William Blair restated an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Finally, Guggenheim dropped their price objective on Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Globant currently has an average rating of “Hold” and an average price target of $81.27.

Globant Trading Up 4.5%

Shares of Globant stock opened at $52.06 on Tuesday. The stock has a 50 day moving average of $60.25 and a 200 day moving average of $61.62. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.93 and a current ratio of 1.64. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 5.42 and a beta of 1.21. Globant has a fifty-two week low of $40.76 and a fifty-two week high of $147.25.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, meeting the consensus estimate of $1.54. The business had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 EPS. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. As a group, research analysts predict that Globant will post 5.73 earnings per share for the current year.

Institutional Trading of Globant

Several hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in Globant by 214.1% during the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 197 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Globant by 352.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 352 shares during the last quarter. Signaturefd LLC grew its stake in shares of Globant by 65.1% during the fourth quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 190 shares in the last quarter. Larson Financial Group LLC increased its holdings in Globant by 561.2% in the fourth quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock valued at $45,000 after buying an additional 578 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Globant by 34.3% in the fourth quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.