Globant (GLOB) Stock Price, News & Analysis

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLOB shares.
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13 analysts have issued 12 month target prices for Globant's stock. Their GLOB share price targets range from $192.00 to $250.00. On average, they anticipate the company's stock price to reach $219.21 in the next twelve months. This suggests that the stock has a possible downside of 4.5%.
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Globant's stock was trading at $168.16 at the beginning of the year. Since then, GLOB shares have increased by 36.6% and is now trading at $229.63.
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Globant saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 1,770,000 shares, a decline of 18.8% from the October 31st total of 2,180,000 shares. Based on an average daily volume of 381,400 shares, the days-to-cover ratio is presently 4.6 days. Currently, 4.3% of the shares of the company are short sold.
View Globant's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our GLOB earnings forecast.

Globant S.A. (NYSE:GLOB) announced its quarterly earnings data on Thursday, November, 16th. The information technology services provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.20 by $0.06. The information technology services provider earned $545.28 million during the quarter, compared to the consensus estimate of $544.64 million. Globant had a trailing twelve-month return on equity of 11.34% and a net margin of 7.76%.

ETFs with the largest weight of Globant (NYSE:GLOB) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), BlackRock Future Innovators ETF (BFTR), Matthews Emerging Markets ex China Active ETF (MEMX), Harbor Corporate Culture Leaders ETF (HAPY), ProShares Metaverse ETF (VERS) and Global X Funds - Emerging Markets Consumer ETF (EMC).Franklin Exponential Data ETF (XDAT).

Globant updated its fourth quarter 2023 earnings guidance on Thursday, November, 16th. The company provided earnings per share (EPS) guidance of $1.60- for the period, compared to the consensus EPS estimate of $1.61. The company issued revenue guidance of $579.00M-, compared to the consensus revenue estimate of $578.82 million.

1,122 employees have rated Globant Chief Executive Officer Martin Migoya on Glassdoor.com. Martin Migoya has an approval rating of 96% among the company's employees. This puts Martin Migoya in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Globant investors own include General Electric (GE), NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Alteryx (AYX), Baidu (BIDU), Salesforce (CRM), Invitae (NVTA), CRISPR Therapeutics (CRSP) and JD.com (JD).

Globant's stock is owned by a number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.82%), Morgan Stanley (3.64%), Sands Capital Management LLC (3.50%), Riverbridge Partners LLC (3.26%), Perpetual Ltd (2.99%) and William Blair Investment Management LLC (2.03%).

Shares of GLOB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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