Globant S.A. (NYSE:GLOB) Receives $79.12 Consensus PT from Analysts

Shares of Globant S.A. (NYSE:GLOB) have earned a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $79.1176.

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a report on Monday, December 29th. Canaccord Genuity Group decreased their price target on shares of Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, February 27th. JPMorgan Chase & Co. dropped their price target on Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Needham & Company LLC reiterated a “buy” rating and set a $60.00 price objective on shares of Globant in a research report on Thursday, March 19th. Finally, Guggenheim reduced their price objective on Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, February 23rd.

Hedge Funds Weigh In On Globant

A number of institutional investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its position in shares of Globant by 352.0% in the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 352 shares in the last quarter. Signaturefd LLC lifted its position in shares of Globant by 65.1% in the 4th quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 190 shares in the last quarter. Allworth Financial LP boosted its stake in Globant by 473.3% in the 4th quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 407 shares during the period. Larson Financial Group LLC boosted its stake in Globant by 561.2% in the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 578 shares during the period. Finally, GAMMA Investing LLC grew its position in Globant by 34.3% during the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Stock Performance

GLOB opened at $49.37 on Tuesday. The business has a 50 day moving average price of $47.75 and a two-hundred day moving average price of $58.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22. Globant has a 1-year low of $40.76 and a 1-year high of $142.24.

Globant (NYSE:GLOB) last issued its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.54. Globant had a return on equity of 9.98% and a net margin of 4.19%.The company had revenue of $612.47 million for the quarter, compared to analysts’ expectations of $605.61 million. During the same period last year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Research analysts predict that Globant will post 5.73 EPS for the current fiscal year.

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.