Canaccord Genuity Group Issues Pessimistic Forecast for Globant (NYSE:GLOB) Stock Price

Globant (NYSE:GLOB) had its price target dropped by Canaccord Genuity Group from $70.00 to $50.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the information technology services provider’s stock. Canaccord Genuity Group’s target price suggests a potential upside of 1.89% from the stock’s previous close.

A number of other research analysts have also recently commented on GLOB. William Blair reissued an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Jefferies Financial Group cut Globant from a “buy” rating to a “hold” rating and cut their price objective for the stock from $80.00 to $61.00 in a report on Thursday, November 20th. UBS Group reiterated a “neutral” rating and set a $75.00 price objective on shares of Globant in a research report on Monday, January 19th. Needham & Company LLC cut their target price on Globant from $80.00 to $60.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wells Fargo & Company increased their price target on shares of Globant from $61.00 to $68.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.13.

Globant Price Performance

Shares of NYSE GLOB traded up $2.20 during midday trading on Friday, hitting $49.07. 1,923,598 shares of the company’s stock were exchanged, compared to its average volume of 1,528,488. The business’s fifty day moving average price is $61.71 and its two-hundred day moving average price is $62.40. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 4.88 and a beta of 1.19. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.16. Globant has a 12-month low of $40.76 and a 12-month high of $151.34.

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, hitting analysts’ consensus estimates of $1.54. The business had revenue of $612.47 million during the quarter, compared to analysts’ expectations of $605.61 million. Globant had a net margin of 4.01% and a return on equity of 10.39%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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, research analysts forecast that Globant will post 5.73 EPS for the current fiscal year.

Institutional Trading of Globant

Several large investors have recently modified their holdings of the business. CWM LLC raised its position in Globant by 30.1% during the 2nd quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 147 shares during the last quarter. Baker Avenue Asset Management LP grew its position in shares of Globant by 2.0% in the 2nd quarter. Baker Avenue Asset Management LP now owns 8,010 shares of the information technology services provider’s stock worth $728,000 after buying an additional 156 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Globant by 34.3% during the fourth quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 182 shares during the period. Signaturefd LLC raised its holdings in shares of Globant by 65.1% during the fourth quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 190 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Globant by 214.1% during the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 197 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Key Headlines Impacting Globant

Here are the key news stories impacting Globant this week:

• Positive Sentiment: Management raised Q1 and FY‑2026 EPS guidance above consensus (Q1: $1.440–1.540 vs. est. ~1.33; FY: $6.100–6.500 vs. est. ~5.67), which is the main catalyst for the stock move higher. Globant Reports 2025 Fourth Quarter Financial Results
• Positive Sentiment: Revenue beat Q4 estimates ($612.47M vs. ~$605.6M) while EPS matched consensus at $1.54, helping calm near‑term investor concerns about the topline. Globant (GLOB) Q4 Earnings Match Estimates
• Positive Sentiment: The company reported record free cash flow in the quarter, which improves financial flexibility and supports the credibility of the raised EPS outlook. Globant SA (GLOB) Q4 2025 Earnings Call Highlights: Record Free Cash Flow Amid Revenue Decline
• Neutral Sentiment: Earnings call transcript and slides are available for deeper read‑throughs of client trends, backlog commentary and margin drivers — useful for assessing whether guidance is sustainable. Globant S.A. (GLOB) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue was down ~4.7% year‑over‑year and EPS fell from $1.75 a year ago to $1.54, signaling ongoing demand and margin pressure that could limit upside if growth doesn’t reaccelerate. Globant earnings report and materials
• Negative Sentiment: Analyst/valuation writeups note the sharp pullback in the share price and question near‑term upside absent a clear return to organic growth and margin expansion. Watch execution on the raised EPS targets. Reassessing Globant (GLOB) Valuation After Sharp Share Price Pullback

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.