Globant (NYSE:GLOB) Coverage Initiated by Analysts at Wedbush

Stock analysts at Wedbush began coverage on shares of Globant (NYSE:GLOB) in a report released on Thursday,Benzinga reports. The brokerage set an “outperform” rating and a $61.00 price target on the information technology services provider’s stock. Wedbush’s price objective would indicate a potential upside of 32.96% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Wells Fargo & Company cut their price target on shares of Globant from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. UBS Group restated a “neutral” rating and set a $75.00 target price on shares of Globant in a report on Monday, January 19th. Guggenheim dropped their target price on shares of Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Truist Financial initiated coverage on shares of Globant in a report on Tuesday, January 6th. They set a “hold” rating and a $72.00 target price on the stock. Finally, William Blair restated an “outperform” rating on shares of Globant in a report on Wednesday, December 31st. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $79.12.

Globant Stock Performance

Shares of NYSE:GLOB opened at $45.88 on Thursday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 1.73 and a beta of 1.22. The firm’s 50 day simple moving average is $49.65 and its 200 day simple moving average is $58.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. Globant has a fifty-two week low of $40.76 and a fifty-two week high of $142.24.

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. The business had revenue of $612.47 million for the quarter, compared to the consensus estimate of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.98%. Globant’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last 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. As a group, sell-side analysts forecast that Globant will post 5.73 earnings per share for the current year.

Institutional Trading of Globant

Several hedge funds have recently bought and sold shares of the stock. ARGA Investment Management LP grew its stake in shares of Globant by 14,073.7% during the 3rd quarter. ARGA Investment Management LP now owns 2,057,594 shares of the information technology services provider’s stock worth $118,065,000 after acquiring an additional 2,043,077 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Globant by 6,875.8% during the 2nd quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock worth $84,413,000 after acquiring an additional 915,924 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Globant by 601.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 783,930 shares of the information technology services provider’s stock worth $44,982,000 after acquiring an additional 672,175 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Globant by 340.3% during the 4th quarter. Principal Financial Group Inc. now owns 815,703 shares of the information technology services provider’s stock worth $53,323,000 after acquiring an additional 630,440 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Globant by 493.8% during the 3rd quarter. Two Sigma Investments LP now owns 660,296 shares of the information technology services provider’s stock worth $37,888,000 after acquiring an additional 549,089 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.