Analysts Set Globant S.A. (NYSE:GLOB) Target Price at $81.27

Globant S.A. (NYSE:GLOB) has been assigned an average rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $81.2667.

Several equities research analysts have recently weighed in on GLOB shares. Canaccord Genuity Group reduced their target price on shares of Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, February 27th. JPMorgan Chase & Co. dropped their price objective on Globant from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. William Blair reaffirmed an “outperform” rating on shares of Globant in a research report on Wednesday, December 31st. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Globant in a research note on Thursday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a research report on Monday, December 29th.

Globant Trading Down 0.7%

GLOB opened at $44.71 on Friday. The stock has a 50-day moving average of $55.39 and a 200 day moving average of $59.87. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. Globant has a 12 month low of $40.76 and a 12 month high of $142.24. The firm has a market cap of $1.96 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.62 and a beta of 1.22.

Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.54. The business had revenue of $612.47 million during the quarter, compared to analyst estimates of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last 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 year.

Institutional Investors Weigh In On Globant

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in Globant by 214.1% in the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 197 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Globant by 352.0% during the third quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 352 shares during the period. Signaturefd LLC raised its stake 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. Larson Financial Group LLC boosted its holdings in shares of Globant by 561.2% in the fourth quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 578 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Globant by 34.3% in the fourth quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 182 shares during the period. Institutional investors own 91.60% of the company’s stock.

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.