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

Globant S.A. (NYSE:GLOB) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $64.8125.

Several brokerages recently issued reports on GLOB. UBS Group cut their target price on Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Mizuho cut their target price on 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 cut their target price on Globant from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. TD Cowen cut their target price on Globant from $74.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, The Goldman Sachs Group cut their target price on Globant from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th.

Globant Trading Down 4.8%

Shares of Globant stock opened at $42.31 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82. Globant has a 52 week low of $32.50 and a 52 week high of $105.43. The stock has a 50 day moving average price of $43.06 and a two-hundred day moving average price of $54.31. The stock has a market capitalization of $1.85 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.02.

Globant (NYSE:GLOB) last announced its quarterly earnings data on Friday, May 15th. The information technology services provider reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. The firm had revenue of $607.09 million during the quarter, compared to analysts’ expectations of $601.66 million. Globant had a return on equity of 9.87% and a net margin of 4.46%.The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. As a group, equities analysts anticipate that Globant will post 4.94 earnings per share for the current fiscal year.

Globant declared that its Board of Directors has initiated a stock buyback plan on Monday, May 18th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Globant News Summary

Here are the key news stories impacting Globant this week:

• Negative Sentiment: Multiple firms, including Pomerantz, Faruqi & Faruqi, Bernstein Liebhard, Rosen, Glancy Prongay Wolke & Rotter, and others, reminded investors about the class action against Globant and urged affected shareholders to seek counsel before the June 23 deadline. Article Title
• Negative Sentiment: The lawsuits accuse Globant of securities-law violations during the Feb. 15, 2024 to Aug. 14, 2025 class period, creating uncertainty and potential legal costs for the company. Article Title
• Neutral Sentiment: The updates are largely procedural and repetitive, focused on investor deadlines and law-firm outreach rather than new evidence or operational developments at Globant. Article Title

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Pzena Investment Management LLC bought a new stake in shares of Globant in the first quarter valued at $136,893,000. Alliancebernstein L.P. raised its stake in shares of Globant by 6,875.8% in the second quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock valued at $84,413,000 after buying an additional 915,924 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Globant by 601.5% in the third quarter. BNP Paribas Financial Markets now owns 783,930 shares of the information technology services provider’s stock valued at $44,982,000 after buying an additional 672,175 shares during the period. Principal Financial Group Inc. raised its stake in shares of Globant by 340.3% in the fourth quarter. Principal Financial Group Inc. now owns 815,703 shares of the information technology services provider’s stock valued at $53,323,000 after buying an additional 630,440 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Globant by 493.8% in the third quarter. Two Sigma Investments LP now owns 660,296 shares of the information technology services provider’s stock valued at $37,888,000 after buying an additional 549,089 shares during the period. Hedge funds and other institutional investors 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.