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

Shares of Globant S.A. (NYSE:GLOB) have earned an average rating of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $46.3750.

GLOB has been the topic of several analyst reports. UBS Group set a $38.00 price target on shares of Globant in a research report on Friday, August 14th. The Goldman Sachs Group decreased their price objective on shares of Globant from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft set a $33.00 target price on Globant in a research report on Friday, July 10th. Itau BBA Securities lowered Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price target for the company. in a research note on Wednesday, July 8th. Finally, TD Cowen reduced their price target on Globant from $47.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. grew its stake in Globant by 45.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,485 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 1,081 shares during the period. AXQ Capital LP acquired a new position in Globant during the second quarter worth $384,000. NS Partners Ltd acquired a new position in Globant during the second quarter worth $4,847,000. Alyeska Investment Group L.P. lifted its holdings in Globant by 78.5% during the second quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock valued at $85,516,000 after purchasing an additional 1,299,353 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Globant by 32.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,531 shares of the information technology services provider’s stock valued at $305,000 after purchasing an additional 2,570 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Price Performance

Shares of NYSE GLOB opened at $39.66 on Monday. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 2.45 and a beta of 1.02. Globant has a 12 month low of $27.56 and a 12 month high of $72.10. The firm’s 50 day simple moving average is $33.91 and its 200-day simple moving average is $41.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.84.

Globant (NYSE:GLOB) last posted its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a net margin of 4.63% and a return on equity of 9.28%. The firm had revenue of $614.42 million for the quarter, compared to analysts’ expectations of $612.86 million. During the same period last year, the firm earned $1.53 earnings per share. Globant’s revenue for the quarter was up .0% compared to the same quarter last year. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. Analysts expect that Globant will post 4.81 EPS for the current year.

Globant announced that its board has approved a share buyback plan on Monday, May 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.