Mizuho Cuts Globant (NYSE:GLOB) Price Target to $51.00

Posted by Francis Steltz on Oct 9th, 2026

Globant (NYSE:GLOB – Free Report) had its price target reduced by Mizuho from $59.00 to $51.00 in a research note released on Tuesday, Marketbeat.com reports. They currently have an outperform rating on the information technology services provider’s stock.

Other research analysts have also issued reports about the stock. Guggenheim dropped their price objective on shares of Globant from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Wedbush lowered shares of Globant from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $54.00 to $37.00 in a research report on Friday, August 14th. Susquehanna lowered their price target on Globant from $78.00 to $70.00 and set a “positive” rating on the stock in a report on Friday, August 14th. Truist Financial lowered their price objective on shares of Globant from $44.00 to $38.00 and set a “hold” rating on the stock in a research note on Friday, August 14th. Finally, Zacks Research downgraded Globant from a “hold” rating to a “strong sell” rating in a research report on Monday, August 24th. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Globant has an average rating of “Hold” and a consensus target price of $44.81.

Get Our Latest Analysis on GLOB

Globant Trading Up 4.4%

GLOB opened at $37.05 on Tuesday. The company has a market cap of $1.62 billion, a P/E ratio of 14.53, a PEG ratio of 4.53 and a beta of 0.98. Globant has a one year low of $27.56 and a one year high of $72.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.84 and a current ratio of 1.84. The business’s 50-day simple moving average is $37.63 and its 200-day simple moving average is $38.17.

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 analysts’ consensus estimates 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 analyst estimates of $612.86 million. During the same period in the previous year, the business posted $1.53 EPS. The firm’s revenue for the quarter 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 research analysts expect that Globant will post 4.58 EPS for the current fiscal year.

Insider Transactions at Globant

In other news, CRO Fernando Matzkin sold 2,500 shares of Globant stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the transaction, the executive directly owned 71,608 shares of the company’s stock, valued at $2,864,320. The trade was a 3.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Diego Tartara sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $40.45, for a total transaction of $242,700.00. Following the completion of the transaction, the chief technology officer owned 72,320 shares in the company, valued at $2,925,344. The trade was a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,500 shares of company stock worth $585,400 in the last three months. 2.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Globant

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Globant during the 2nd quarter worth approximately $128,713,000. Pzena Investment Management LLC acquired a new stake in Globant in the second quarter valued at approximately $111,700,000. Alyeska Investment Group L.P. raised its stake in shares of Globant by 78.5% during the second quarter. Alyeska Investment Group L.P. now owns 2,954,954 shares of the information technology services provider’s stock valued at $85,516,000 after purchasing an additional 1,299,353 shares during the period. Brandes Investment Partners LP raised its stake in shares of Globant by 4.0% during the fourth quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock valued at $156,936,000 after purchasing an additional 91,732 shares during the period. Finally, Capital International Investors lifted its position in shares of Globant by 10.6% during the fourth quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock worth $149,292,000 after purchasing an additional 218,570 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Globant

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Globant SA (NYSE:GLOB) is a digitally native technology services company that helps organizations develop, modernize and manage digital products and business operations. Its services include software product engineering, user experience and design, cloud transformation, data and analytics, artificial intelligence, enterprise platforms, cybersecurity and digital marketing.

The company works with clients across industries such as financial services, healthcare, media and entertainment, retail, travel and consumer products.