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

Shares of Globant S.A. (NYSE:GLOB) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $87.1333.

A number of analysts have recently weighed in on the company. Needham & Company LLC cut their target price on Globant from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Friday. Guggenheim dropped their price target on Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. William Blair reissued an “outperform” rating on shares of Globant in a research report on Wednesday, December 31st. Canaccord Genuity Group dropped 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. Finally, Wells Fargo & Company increased their price target on Globant from $61.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in Globant by 199.1% during the 2nd quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock worth $256,819,000 after purchasing an additional 1,881,940 shares in the last quarter. Brandes Investment Partners LP increased its position in shares of Globant by 4.0% during the fourth quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock valued at $156,936,000 after buying an additional 91,732 shares during the period. Capital International Investors lifted its holdings in shares of Globant by 10.6% in the fourth quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock worth $149,292,000 after buying an additional 218,570 shares in the last quarter. ARGA Investment Management LP boosted its position in shares of Globant by 14,073.7% in the third quarter. ARGA Investment Management LP now owns 2,057,594 shares of the information technology services provider’s stock valued at $118,065,000 after acquiring an additional 2,043,077 shares during the period. Finally, Royal Bank of Canada grew its stake in Globant by 8.5% during the fourth quarter. Royal Bank of Canada now owns 1,777,710 shares of the information technology services provider’s stock valued at $116,209,000 after acquiring an additional 138,596 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Globant Stock Performance

Shares of Globant stock opened at $49.65 on Monday. The stock’s fifty day simple moving average is $61.31 and its 200 day simple moving average is $62.01. The company has a current ratio of 1.64, a quick ratio of 1.93 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.19 billion, a PE ratio of 21.68, a PEG ratio of 5.42 and a beta of 1.19. Globant has a 12 month low of $40.76 and a 12 month high of $151.34.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.54. Globant had a net margin of 4.19% and a return on equity of 9.98%. The firm had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The business’s revenue 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. On average, research analysts predict that Globant will post 5.73 EPS for the current year.

Globant Company Profile

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.