Globant S.A. (NYSE:GLOB) Stock Has Consensus Price Target of $45.75 According to Brokerages

Globant S.A. (NYSE:GLOB – Get Free Report) has been given a consensus rating of “Hold” by the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $45.75.

A number of equities research analysts have issued reports on GLOB shares. Citigroup lifted their target price on shares of Globant from $37.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. TD Cowen lowered their price target on shares of Globant from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 14th. UBS Group set a $38.00 price target on shares of Globant in a research note on Friday, August 14th. The Goldman Sachs Group cut their price objective on Globant from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Globant from $47.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, August 14th.

Get Our Latest Report on Globant

Globant Price Performance

Shares of NYSE:GLOB opened at $47.70 on Friday. Globant has a one year low of $27.56 and a one year high of $72.10. The stock has a fifty day moving average of $38.83 and a 200-day moving average of $42.30. The company has a market capitalization of $2.09 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 5.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84.

Globant (NYSE:GLOB – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a return on equity of 9.28% and a net margin of 4.63%. The company had revenue of $614.42 million for the quarter, compared to the consensus estimate of $612.86 million. During the same period in the prior year, the business earned $1.53 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. As a group, equities analysts anticipate that Globant will post 4.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Wanda Weigert sold 6,000 shares of Globant stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $40.45, for a total transaction of $242,700.00. Following the completion of the sale, the insider directly owned 64,046 shares in the company, valued at $2,590,660.70. The trade was a 8.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Diego Tartara sold 6,000 shares of Globant stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $40.45, for a total value of $242,700.00. Following the sale, the chief technology officer owned 72,320 shares of the company’s stock, valued at approximately $2,925,344. This represents a 7.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,500 shares of company stock valued at $585,400 in the last three months. Insiders own 2.67% of the company’s stock.

Institutional Investors Weigh In On Globant

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in shares of Globant by 6.7% in the 3rd quarter. Signaturefd LLC now owns 3,931 shares of the information technology services provider’s stock valued at $136,000 after buying an additional 247 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Globant by 0.9% during the third quarter. Oppenheimer & Co. Inc. now owns 27,930 shares of the information technology services provider’s stock valued at $969,000 after acquiring an additional 259 shares during the period. Parallel Advisors LLC lifted its stake in shares of Globant by 27.1% during the first quarter. Parallel Advisors LLC now owns 1,735 shares of the information technology services provider’s stock valued at $80,000 after acquiring an additional 370 shares during the period. Matthews International Capital Management LLC boosted its holdings in Globant by 8.1% in the first quarter. Matthews International Capital Management LLC now owns 6,399 shares of the information technology services provider’s stock valued at $295,000 after acquiring an additional 480 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Globant by 98.4% in the third quarter. Nisa Investment Advisors LLC now owns 1,371 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 680 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

About Globant

(Get Free Report)

Globant SA is a digitally native technology services company that helps organizations develop, modernize and operate digital products and experiences. Its services include software engineering, cloud computing, data and artificial intelligence, enterprise application modernization, cybersecurity, user experience design, and digital transformation consulting.

The company serves clients across industries including financial services, media and entertainment, healthcare, retail, travel and hospitality, and consumer products.

Further Reading

Analyst Recommendations for Globant (NYSE:GLOB)

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