Globant (NYSE:GLOB – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 6.100-6.500 for the period, compared to the consensus EPS estimate of 5.990. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Globant also updated its Q2 2026 guidance to 1.450-1.550 EPS.
Analyst Ratings Changes
A number of research analysts recently issued reports on GLOB shares. Mizuho reduced their price objective on Globant from $91.00 to $76.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Guggenheim dropped their target price on Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. UBS Group cut their target price on Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. TD Cowen reduced their price target on shares of Globant from $74.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Canaccord Genuity Group dropped their price objective on shares of Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a report on Friday, February 27th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Globant currently has an average rating of “Hold” and an average target price of $72.50.
Check Out Our Latest Research Report on GLOB
Globant Stock Performance
Globant (NYSE:GLOB – Get Free Report) last announced its earnings results on Thursday, May 14th. The information technology services provider reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Globant had a return on equity of 9.98% and a net margin of 4.19%.The firm had revenue of $607.09 million for the quarter, compared to the consensus estimate of $601.66 million. Globant has set its FY 2026 guidance at 6.100-6.500 EPS and its Q2 2026 guidance at 1.450-1.550 EPS. As a group, analysts predict that Globant will post 4.99 EPS for the current fiscal year.
More Globant News
Here are the key news stories impacting Globant this week:
- Negative Sentiment: Multiple firms, including Rosen Law Firm, Faruqi & Faruqi, Bernstein Liebhard, Pomerantz, Levi & Korsinsky, and Bragar Eagel & Squire, issued reminders or announcements about the pending Globant securities class action and the June 23, 2026 lead-plaintiff deadline, keeping legal risk in focus for shareholders. Article: ROSEN, A LEADING LAW FIRM, Encourages Globant S.A. Investors to Secure Counsel Before Important Deadline in Securities Class Action – GLOB
- Negative Sentiment: The lawsuit allegations referenced in the notices center on claimed concealment of wage freezes and a failed Iteris integration, which could hurt confidence in Globant’s operations and management credibility. Article: GLOB DEADLINE: Levi & Korsinsky Reminds Globant S.A. Investors of Upcoming Securities Class Action Deadline
Hedge Funds Weigh In On Globant
A number of institutional investors and hedge funds have recently bought and sold shares of GLOB. Brooklyn Investment Group acquired a new stake in shares of Globant in the fourth quarter valued at $214,000. Syon Capital LLC acquired a new position in Globant during the fourth quarter worth about $235,000. Private Advisor Group LLC acquired a new position in Globant during the third quarter worth about $237,000. Intech Investment Management LLC bought a new stake in Globant in the third quarter worth about $250,000. Finally, Osaic Holdings Inc. raised its position in Globant by 61.5% in the second quarter. Osaic Holdings Inc. now owns 1,163 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 443 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.
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.
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