Globant S.A. (NYSE:GLOB) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Globant S.A. has received an average rating of "Moderate Buy" from fifteen brokerages, with seven analysts recommending a hold and eight recommending a buy.
• The company's stock is currently priced at $56.11, reflecting a decline of 3.3%, with a 12-month target price among analysts averaging $139.47.
• Globant reported a quarterly EPS of $1.53, exceeding estimates, with revenue of $614.18 million, marking a year-over-year increase of 4.5%.

Globant S.A. (NYSE:GLOB - Get Free Report) has been given an average rating of "Moderate Buy" by the fifteen brokerages that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $139.4667.

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Globant in a research note on Thursday, July 17th. They issued a "hold" rating and a $87.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Globant from an "overweight" rating to a "neutral" rating and set a $78.00 price target on the stock. in a research report on Friday, August 15th. The Goldman Sachs Group dropped their price target on shares of Globant from $120.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Needham & Company LLC dropped their price target on shares of Globant from $115.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Finally, Scotiabank upgraded shares of Globant from a "sector perform" rating to a "sector outperform" rating and set a $115.00 price objective on the stock in a report on Monday, July 21st.

Globant Stock Down 3.3%

Globant stock opened at $56.11 on Friday. The company's 50 day simple moving average is $70.79 and its 200 day simple moving average is $94.90. Globant has a fifty-two week low of $54.36 and a fifty-two week high of $238.32. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.71 and a quick ratio of 1.71.

Globant (NYSE:GLOB - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.01. Globant had a net margin of 4.44% and a return on equity of 10.76%. The business had revenue of $614.18 million for the quarter, compared to analyst estimates of $612.66 million. During the same quarter last year, the firm earned $1.51 EPS. Globant's quarterly revenue was up 4.5% compared to the same quarter last year. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. As a group, sell-side analysts anticipate that Globant will post 5.73 EPS for the current year.

Institutional Investors Weigh In On Globant

Several institutional investors and hedge funds have recently bought and sold shares of GLOB. Voya Investment Management LLC lifted its holdings in shares of Globant by 49.0% in the first quarter. Voya Investment Management LLC now owns 462,422 shares of the information technology services provider's stock worth $54,436,000 after acquiring an additional 152,152 shares during the last quarter. Raymond James Financial Inc. increased its position in Globant by 17.1% during the 1st quarter. Raymond James Financial Inc. now owns 91,427 shares of the information technology services provider's stock valued at $10,763,000 after purchasing an additional 13,369 shares during the period. Principal Financial Group Inc. increased its position in Globant by 6.8% during the 1st quarter. Principal Financial Group Inc. now owns 134,798 shares of the information technology services provider's stock valued at $15,868,000 after purchasing an additional 8,599 shares during the period. Cetera Investment Advisers increased its position in Globant by 23.7% during the 1st quarter. Cetera Investment Advisers now owns 24,926 shares of the information technology services provider's stock valued at $2,934,000 after purchasing an additional 4,774 shares during the period. Finally, Dalton Investments Inc. increased its position in Globant by 58.6% during the 1st quarter. Dalton Investments Inc. now owns 31,654 shares of the information technology services provider's stock valued at $3,726,000 after purchasing an additional 11,700 shares during the period. Institutional investors own 91.60% of the company's stock.

About Globant

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

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