Globant S.A. (NYSE:GLOB) Receives $236.88 Average PT from Analysts

Shares of Globant S.A. (NYSE:GLOBGet Free Report) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $236.88.

A number of research analysts recently issued reports on the stock. Piper Sandler Companies dropped their target price on shares of Globant from $230.00 to $212.00 and set an “overweight” rating on the stock in a research report on Friday, November 10th. Citigroup boosted their target price on shares of Globant from $215.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. TheStreet upgraded shares of Globant from a “c+” rating to a “b-” rating in a research report on Wednesday, December 13th. Piper Sandler boosted their target price on shares of Globant from $217.00 to $257.00 and gave the company an “overweight” rating in a research report on Friday, December 15th. Finally, Needham & Company LLC boosted their price target on shares of Globant from $215.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 26th.

Check Out Our Latest Stock Report on Globant

Globant Price Performance

NYSE:GLOB opened at $234.88 on Friday. The company has a market cap of $9.97 billion, a PE ratio of 65.61 and a beta of 1.39. Globant has a one year low of $135.40 and a one year high of $251.50. The firm’s 50 day simple moving average is $232.85 and its 200 day simple moving average is $204.41.

Globant (NYSE:GLOBGet Free Report) last issued its quarterly earnings results on Thursday, November 16th. The information technology services provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.06). The firm had revenue of $545.28 million during the quarter, compared to analyst estimates of $544.64 million. Globant had a return on equity of 11.34% and a net margin of 7.76%. Equities research analysts expect that Globant will post 4.54 EPS for the current year.

Institutional Investors Weigh In On Globant

Institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its holdings in shares of Globant by 289.5% in the fourth quarter. Jennison Associates LLC now owns 960,833 shares of the information technology services provider’s stock worth $228,659,000 after buying an additional 714,162 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Globant by 18.1% in the second quarter. Wasatch Advisors LP now owns 2,994,433 shares of the information technology services provider’s stock worth $538,159,000 after buying an additional 459,850 shares in the last quarter. Norges Bank bought a new position in shares of Globant in the fourth quarter worth approximately $71,313,000. Price T Rowe Associates Inc. MD increased its position in shares of Globant by 15.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,086,471 shares of the information technology services provider’s stock worth $519,021,000 after purchasing an additional 416,119 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Globant by 224.8% in the second quarter. Capital World Investors now owns 594,316 shares of the information technology services provider’s stock worth $106,810,000 after purchasing an additional 411,316 shares during the last quarter. 91.49% of the stock is owned by hedge funds and other institutional investors.

Globant Company Profile

(Get Free Report

Globant SA operates as a technology services company worldwide. The company offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools.

See Also

Analyst Recommendations for Globant (NYSE:GLOB)

Receive News & Ratings for Globant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globant and related companies with MarketBeat.com's FREE daily email newsletter.