Globant (NYSE:GLOB) Shares Up 6.6% – Time to Buy?

Globant S.A. (NYSE:GLOB)’s stock price traded up 6.6% on Thursday . The company traded as high as $46.33 and last traded at $46.5010. 209,831 shares were traded during trading, a decline of 86% from the average session volume of 1,460,822 shares. The stock had previously closed at $43.62.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Globant in a research report on Monday, December 29th. JPMorgan Chase & Co. reduced their price objective on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Mizuho decreased their target price on shares of Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Canaccord Genuity Group dropped their target price on shares of Globant from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Finally, William Blair reaffirmed an “outperform” rating on shares of Globant in a report on Wednesday, December 31st. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $81.27.

Globant Stock Up 4.0%

The firm has a 50 day moving average of $54.01 and a two-hundred day moving average of $59.50. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.56 and a beta of 1.21. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16.

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

Hedge Funds Weigh In On Globant

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Globant in the first quarter valued at approximately $447,000. Goldman Sachs Group Inc. boosted its position in Globant by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock worth $8,739,000 after buying an additional 30,386 shares during the period. SG Americas Securities LLC bought a new stake in Globant during the 2nd quarter worth approximately $588,000. Franklin Resources Inc. increased its position in Globant by 27.4% in the 2nd quarter. Franklin Resources Inc. now owns 26,232 shares of the information technology services provider’s stock valued at $2,383,000 after acquiring an additional 5,638 shares during the period. Finally, FourThought Financial Partners LLC increased its position in Globant by 71.9% in the 2nd quarter. FourThought Financial Partners LLC now owns 4,742 shares of the information technology services provider’s stock valued at $431,000 after acquiring an additional 1,983 shares during the period. Institutional investors 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.