Globant (NYSE:GLOB) Price Target Cut to $57.00 by Analysts at Wells Fargo & Company

Globant (NYSE:GLOB) had its target price decreased by equities researchers at Wells Fargo & Company from $68.00 to $57.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 18.78% from the stock’s current price.

GLOB has been the topic of a number of other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Globant in a research note on Monday, December 29th. UBS Group reiterated a “neutral” rating and set a $75.00 price target on shares of Globant in a research note on Monday, January 19th. Canaccord Genuity Group dropped their target price on Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Needham & Company LLC reduced their target price on shares of Globant from $80.00 to $60.00 and set a “buy” rating for the company in a report on Friday. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $86.40.

Globant Stock Down 3.6%

NYSE GLOB traded down $1.77 on Monday, hitting $47.99. The stock had a trading volume of 389,031 shares, compared to its average volume of 1,538,682. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.93. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 5.42 and a beta of 1.19. Globant has a 52-week low of $40.76 and a 52-week high of $151.24. The business’s fifty day moving average price is $61.31 and its 200 day moving average price is $62.01.

Globant (NYSE:GLOB) last announced its 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. The company had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.75 EPS. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Equities research analysts anticipate that Globant will post 5.73 earnings per share for the current year.

Institutional Investors Weigh In On Globant

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLOB. Allworth Financial LP raised its position in shares of Globant by 214.1% in the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 197 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Globant by 352.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 352 shares during the last quarter. Signaturefd LLC lifted its stake in Globant by 65.1% in the 4th quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 190 shares in the last quarter. CWM LLC boosted its holdings in shares of Globant by 30.1% during the 2nd quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock worth $58,000 after purchasing an additional 147 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Globant by 561.2% in the fourth quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 578 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.