Globant (NYSE:GLOB) Upgraded at Itau BBA Securities

Posted by Stanley Muller on Jul 10th, 2026

Itau BBA Securities upgraded shares of Globant (NYSE:GLOB – Free Report) to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company decreased their price objective on Globant from $57.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, March 27th. Susquehanna decreased their price target on shares of Globant from $90.00 to $78.00 and set a “positive” rating for the company in a research report on Friday, May 15th. TD Cowen lowered their price target on shares of Globant from $59.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group cut their price objective on shares of Globant from $68.00 to $60.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Finally, UBS Group reduced their price objective on shares of Globant from $75.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Globant has a consensus rating of “Hold” and a consensus price target of $61.82.

View Our Latest Stock Report on Globant

Globant Price Performance

Shares of GLOB opened at $31.30 on Tuesday. The company has a 50 day moving average price of $36.14 and a 200-day moving average price of $48.10. Globant has a fifty-two week low of $27.56 and a fifty-two week high of $94.35. The stock has a market capitalization of $1.37 billion, a PE ratio of 12.72, a PEG ratio of 1.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82.

Globant (NYSE:GLOB – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The information technology services provider reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. The company had revenue of $607.09 million for the quarter, compared to analyst estimates of $601.65 million. Globant had a net margin of 4.46% and a return on equity of 9.87%. Globant’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. Equities analysts predict that Globant will post 4.92 earnings per share for the current fiscal year.

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

Hedge Funds Weigh In On Globant

Several hedge funds have recently modified their holdings of GLOB. Signaturefd LLC raised its position in shares of Globant by 65.1% in the 4th quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 190 shares during the last quarter. Allworth Financial LP grew its position in Globant by 473.3% during the 4th quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 407 shares during the last quarter. Larson Financial Group LLC grew its position in Globant by 561.2% during the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 578 shares during the last quarter. GAMMA Investing LLC increased its stake in Globant by 34.3% during the 4th 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 in the last quarter. Finally, MidFirst Bank acquired a new position in Globant during the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Globant

(Get Free Report)

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.