Globant (NYSE:GLOB) Price Target Cut to $45.00 by Analysts at TD Cowen

Globant (NYSE:GLOB) had its price target dropped by stock analysts at TD Cowen from $47.00 to $45.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price target suggests a potential upside of 19.21% from the company’s previous close.

Several other analysts also recently issued reports on the company. Canaccord Genuity Group set a $35.00 price target on Globant in a research note on Friday. Truist Financial dropped their target price on Globant from $54.00 to $44.00 and set a “hold” rating for the company in a report on Friday, May 15th. The Goldman Sachs Group reduced their target price on shares of Globant from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $33.00 price target on shares of Globant in a research report on Friday, July 10th. Finally, Wells Fargo & Company dropped their price objective on shares of Globant from $50.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.56.

Globant Stock Performance

GLOB traded down $3.24 on Friday, reaching $37.75. The company had a trading volume of 2,852,706 shares, compared to its average volume of 1,700,823. Globant has a fifty-two week low of $27.56 and a fifty-two week high of $72.10. The stock has a market cap of $1.65 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.46 and a beta of 1.02. The company’s fifty day moving average is $33.81 and its 200 day moving average is $42.37. 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 (NYSE:GLOB) last issued its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a return on equity of 9.87% and a net margin of 4.46%.The company had revenue of $614.42 million for the quarter, compared to analyst estimates of $612.86 million. During the same quarter last year, the business earned $1.53 earnings per share. The company’s revenue was up .0% on a year-over-year basis. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. As a group, analysts predict that Globant will post 4.89 earnings per share for the current fiscal year.

Globant announced that its board has initiated a stock repurchase program 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 repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GLOB. Maxi Investments CY Ltd acquired a new stake in shares of Globant during the fourth quarter valued at about $2,255,000. Citizens Financial Group Inc. RI acquired a new position in shares of Globant in the fourth quarter valued at approximately $5,095,000. Principal Financial Group Inc. increased 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. Lazard Asset Management LLC raised its holdings in Globant by 113.5% in the 1st quarter. Lazard Asset Management LLC now owns 326,027 shares of the information technology services provider’s stock valued at $15,033,000 after buying an additional 173,302 shares during the last quarter. Finally, ABN Amro Investment Solutions acquired a new stake in Globant during the 1st quarter worth approximately $10,146,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Globant

Here are the key news stories impacting Globant this week:

• Positive Sentiment: AI business momentum provides an upside catalyst. Globant said Glob.AI annual recurring revenue reached $52.8 million in the second quarter, up 61% sequentially, and expects it to exceed $110 million exiting 2026. The company also announced that FIFA selected Globant to operate a year-round AI fan ecosystem. Globant Reports 2026 Second Quarter Financial Results
• Positive Sentiment: Guggenheim maintained a Buy rating while lowering its price target from $55 to $50. The new target still implies substantial potential appreciation from recent levels, signaling that the firm views the selloff as excessive despite reduced estimates. Benzinga analyst coverage
• Neutral Sentiment: Goldman Sachs cut its price target from $60 to $52 and retained a Neutral rating. Although the target remains above the current share price, the reduction reflects more cautious expectations for Globant’s growth and near-term execution. The Fly analyst coverage
• Negative Sentiment: Second-quarter adjusted EPS was $1.40, below the roughly $1.49–$1.50 consensus estimate and down from $1.53 a year earlier. Revenue of $614.4 million was slightly above expectations but essentially flat year over year, suggesting limited underlying growth. Globant Q2 Earnings Lag Estimates
• Negative Sentiment: Forward guidance fell short of Wall Street expectations. Third-quarter EPS guidance of $1.43 and revenue guidance of $607 million to $615 million were below consensus estimates of $1.52 and $626.2 million. Full-year revenue guidance of $2.4 billion to $2.5 billion also failed to exceed the $2.5 billion consensus, reinforcing concerns about a slower growth rebound. Globant Stock Plunges After Full-Year Outlook Cut

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.