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

Shares of Globant S.A. (NYSE:GLOB) have received a consensus rating of “Hold” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $138.4667.

Several research analysts have recently weighed in on the stock. Needham & Company LLC decreased their target price on shares of Globant from $115.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Scotiabank raised shares of Globant from a “sector perform” rating to a “sector outperform” rating and set a $115.00 price objective for the company in a research report on Monday, July 21st. UBS Group lowered their target price on Globant from $120.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Globant in a report on Thursday, July 17th. They issued a “hold” rating and a $87.00 price target for the company.

Globant Price Performance

GLOB stock opened at $58.10 on Tuesday. The firm has a market cap of $2.56 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 2.54 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71. Globant has a 1 year low of $54.36 and a 1 year high of $238.32. The stock has a 50-day simple moving average of $62.03 and a 200-day simple moving average of $86.53.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. Globant had a return on equity of 10.76% and a net margin of 4.44%.The firm had revenue of $614.18 million during the quarter, compared to analysts’ expectations of $612.66 million. During the same quarter in the prior year, the business earned $1.51 EPS. Globant’s quarterly revenue was up 4.5% compared to the same quarter last year. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. On average, equities analysts predict that Globant will post 5.73 earnings per share for the current fiscal year.

Globant declared that its board has approved a stock buyback plan on Wednesday, October 1st that allows the company to buyback $125.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Globant

Several institutional investors have recently added to or reduced their stakes in GLOB. Signaturefd LLC boosted its holdings in shares of Globant by 29.7% during the 1st quarter. Signaturefd LLC now owns 389 shares of the information technology services provider’s stock worth $46,000 after buying an additional 89 shares during the period. Blue Trust Inc. raised its holdings in Globant by 23.6% in the 1st quarter. Blue Trust Inc. now owns 607 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 116 shares during the period. Brooklyn Investment Group lifted its position in Globant by 194.4% during the 1st quarter. Brooklyn Investment Group now owns 212 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 140 shares during the last quarter. CWM LLC boosted its holdings in Globant by 30.1% during the second quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 147 shares during the period. Finally, Physician Wealth Advisors Inc. grew its position in shares of Globant by 140.9% in the first quarter. Physician Wealth Advisors Inc. now owns 265 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

About 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.