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

Globant S.A. (NYSE:GLOB) has earned an average rating of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $81.2667.

GLOB has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on shares of Globant from $68.00 to $57.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. UBS Group restated a “neutral” rating and set a $75.00 price target on shares of Globant in a report on Monday, January 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Globant in a research report on Thursday, March 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a research note on Monday, December 29th. Finally, Truist Financial assumed coverage on Globant in a research report on Tuesday, January 6th. They set a “hold” rating and a $72.00 price objective for the company.

Institutional Investors Weigh In On Globant

Several hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Globant during the first quarter worth $447,000. Goldman Sachs Group Inc. increased its holdings in shares of 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 purchasing an additional 30,386 shares during the period. Allworth Financial LP increased its holdings in shares of Globant by 214.1% during the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 197 shares during the period. Police & Firemen s Retirement System of New Jersey raised its position in shares of Globant by 5.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,044 shares of the information technology services provider’s stock valued at $1,457,000 after buying an additional 865 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Globant in the second quarter valued at about $588,000. 91.60% of the stock is owned by institutional investors.

Globant Stock Down 4.0%

GLOB opened at $43.06 on Friday. The firm has a market cap of $1.89 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 1.62 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. The business has a 50 day moving average price of $54.49 and a 200 day moving average price of $59.61. Globant has a twelve month low of $40.76 and a twelve month high of $142.24.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS 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 company had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. During the same quarter last year, the firm posted $1.75 earnings per share. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. 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 forecast 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.