A number of firms have modified their ratings and price targets on shares of Globant (NYSE: GLOB) recently:
- 10/31/2024 – Globant was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 10/30/2024 – Globant had its price target raised by analysts at JPMorgan Chase & Co. from $237.00 to $248.00. They now have an “overweight” rating on the stock.
- 10/28/2024 – Globant had its price target raised by analysts at Citigroup Inc. from $240.00 to $251.00. They now have a “buy” rating on the stock.
- 10/23/2024 – Globant was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 9/9/2024 – Globant had its price target raised by analysts at Jefferies Financial Group Inc. from $235.00 to $240.00. They now have a “buy” rating on the stock.
- 9/6/2024 – Globant had its price target raised by analysts at JPMorgan Chase & Co. from $226.00 to $237.00. They now have an “overweight” rating on the stock.
Globant Price Performance
Shares of GLOB stock opened at $209.86 on Friday. Globant S.A. has a 12 month low of $151.68 and a 12 month high of $251.50. The firm has a market capitalization of $9.04 billion, a P/E ratio of 54.79, a P/E/G ratio of 2.70 and a beta of 1.39. The company’s fifty day moving average price is $203.80 and its two-hundred day moving average price is $187.86.
Globant (NYSE:GLOB – Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. Globant had a net margin of 7.39% and a return on equity of 11.68%. The firm had revenue of $587.46 million for the quarter, compared to analyst estimates of $586.72 million. During the same quarter in the previous year, the business posted $1.04 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Globant S.A. will post 5.02 EPS for the current year.
Hedge Funds Weigh In On 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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