Globant (GLOB) Expected to Announce Quarterly Earnings on Thursday

Globant (NYSE:GLOB) is projected to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $644.42 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Globant Price Performance

Shares of GLOB stock opened at $222.49 on Wednesday. The company has a market cap of $9.59 billion, a price-to-earnings ratio of 58.09, a PEG ratio of 2.46 and a beta of 1.39. The stock has a 50 day simple moving average of $215.61 and a 200-day simple moving average of $210.55. Globant has a 1-year low of $151.68 and a 1-year high of $238.32.

Analysts Set New Price Targets

GLOB has been the subject of several research analyst reports. Piper Sandler reduced their target price on Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. TD Cowen increased their price objective on Globant from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 15th. UBS Group reduced their price objective on Globant from $222.00 to $217.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group increased their price objective on Globant from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Scotiabank increased their price objective on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Globant presently has an average rating of “Moderate Buy” and a consensus price target of $230.28.

Globant Company Profile

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.