Globant S.A. (NYSE:GLOB) Receives Consensus Rating of “Hold” from Brokerages

Shares of Globant S.A. (NYSE:GLOB) have been given a consensus recommendation of “Hold” by the seventeen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $81.2667.

Several brokerages have recently issued reports on GLOB. Mizuho reduced their price target on shares of Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Wells Fargo & Company dropped their price objective on shares of Globant from $68.00 to $57.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Canaccord Genuity Group cut their target price on shares of Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $60.00 target price on shares of Globant in a report on Thursday. Finally, Guggenheim decreased their price target on shares of Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, February 23rd.

Globant Trading Up 1.7%

GLOB opened at $45.04 on Friday. Globant has a 52 week low of $40.76 and a 52 week high of $142.24. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $55.86 and a 200-day simple moving average of $60.09. The firm has a market cap of $1.97 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.60 and a beta of 1.21.

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

Institutional Investors Weigh In On Globant

Several large investors have recently bought and sold shares of the stock. Allworth Financial LP raised its position in Globant by 214.1% in the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 197 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Globant by 352.0% during the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock worth $26,000 after buying an additional 352 shares in the last quarter. Signaturefd LLC grew its position 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 buying an additional 190 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Globant by 561.2% during the fourth quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after buying an additional 578 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Globant by 34.3% during the fourth quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock worth $47,000 after buying an additional 182 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Globant

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.