Needham & Company LLC Reiterates Buy Rating for Globant (NYSE:GLOB)

Globant (NYSE:GLOB)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a report released on Thursday,Benzinga reports. They presently have a $60.00 price objective on the information technology services provider’s stock. Needham & Company LLC’s price target would indicate a potential upside of 34.20% from the company’s current price.

GLOB has been the subject of a number of other research reports. Mizuho lowered their price objective on Globant from $91.00 to $76.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. UBS Group reiterated a “neutral” rating and set a $75.00 target price on shares of Globant in a research report on Monday, January 19th. Truist Financial initiated coverage on Globant in a report on Tuesday, January 6th. They issued a “hold” rating and a $72.00 price target for the company. Jefferies Financial Group downgraded shares of Globant from a “buy” rating to a “hold” rating and dropped their price objective for the company from $80.00 to $61.00 in a research note on Thursday, November 20th. Finally, Canaccord Genuity Group cut their price objective on shares of Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Globant presently has a consensus rating of “Hold” and a consensus target price of $81.27.

Globant Stock Performance

Shares of NYSE GLOB opened at $44.71 on Thursday. The company has a 50-day simple moving average of $55.39 and a 200-day simple moving average of $59.93. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market cap of $1.96 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21. Globant has a 12 month low of $40.76 and a 12 month high of $142.24.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.54. The firm had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.98%. Globant’s revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.75 earnings per share. 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 anticipate that Globant will post 5.73 earnings per share for the current year.

Institutional Trading of Globant

A number of institutional investors and hedge funds have recently bought and sold shares of GLOB. Allworth Financial LP lifted its position in Globant by 214.1% during the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 197 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Globant by 352.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 352 shares during the period. Signaturefd LLC raised its stake in shares of Globant by 65.1% in the 4th quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 190 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Globant by 561.2% during the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock valued at $45,000 after acquiring an additional 578 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Globant by 34.3% during the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after acquiring 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.