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Globant (GLOB) Stock Forecast, Price & News

$197.31
-3.56 (-1.77%)
(As of 09/26/2023 ET)
Compare
Today's Range
$196.49
$199.85
50-Day Range
$162.97
$206.57
52-Week Range
$135.40
$210.00
Volume
258,683 shs
Average Volume
432,503 shs
Market Capitalization
$8.34 billion
P/E Ratio
57.36
Dividend Yield
N/A
Price Target
$221.23

Globant MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.1% Upside
$221.23 Price Target
Short Interest
Bearish
4.55% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.56
Upright™ Environmental Score
News Sentiment
0.37mentions of Globant in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.18%
From $4.66 to $5.74 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.58 out of 5 stars

Computer And Technology Sector

161st out of 581 stocks

Data Processing & Preparation Industry

11th out of 58 stocks


GLOB stock logo

About Globant (NYSE:GLOB) Stock

Globant S.A. operates as a technology services company worldwide. The company offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools. It also provides cloud transformation advice, building cloud environment, moving workloads to the cloud, cloud support and operation, chaos engineering, and site reliability engineering services; and data strategies, insights, data platforms, MLOps, and data as a product services. In addition, the company offers agile delivery, blockchain, business and cultural hacking, conversational interface, cybersecurity, design, digital sales and marketing, enterprise applications, internet of thing, metaverse, process optimization, quality engineering, salesforce, learning, UI engineering, and sustainable business solutions. Further, it provides digital experience platforms; product strategy, management, and delivery services; and strategic architecture consulting, platforms evolution, and augmented composable solutions. Additionally, operates Augoor, MagnifAI, StarMeUp, WaaSabi, Walmeric, GeneXus, Navigate, BeHealthy, and FluentLab platforms. It offers its services to enterprises in various industries, including media and entertainment, professional, technology and telecommunications, travel and hospitality, banks, financial services and insurance, consumer, retail and manufacturing, health care, and others. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg.

GLOB Price History

GLOB Stock News Headlines

Globant S.A.
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Globant (NYSE:GLOB) Stock Rating Reaffirmed by Wedbush
Globant's (GLOB) Outperform Rating Reaffirmed at Wedbush
What 11 Analyst Ratings Have To Say About Globant
Globant Stock, A Diversification Play, Gets Rating Upgrade
Estimating The Fair Value Of Globant S.A. (NYSE:GLOB)
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult. And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
Globant Shares Rise on Outlook, Strong 2Q
Globant (GLOB) Beats Q2 Earnings and Revenue Estimates
See More Headlines
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GLOB Company Calendar

Last Earnings
8/17/2023
Today
9/26/2023
Next Earnings (Estimated)
11/16/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Fax
N/A
Employees
27,122
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$221.23
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$192.00
Forecasted Upside/Downside
+12.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
12 Analysts

Profitability

Net Income
$148.89 million
Pretax Margin
9.90%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$6.61 per share
Book Value
$37.15 per share

Miscellaneous

Free Float
41,141,000
Market Cap
$8.33 billion
Optionable
Optionable
Beta
1.32
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Key Executives

  • Mr. Martin Migoya (Age 55)
    Co-founder, Chairman, CEO & Pres
  • Mr. Martín Gonzalo Umaran (Age 55)
    Co-Founder, Chief Corp. Devel. Officer, Pres for EMEA & Director
  • Mr. Guibert Andres Englebienne (Age 57)
    Co-Founder, Pres of Globant X, Globant Ventures & Latin America and Director
  • Mr. Nestor Augusto Nocetti
    Co-Founder & Exec. VP of Corp. Affairs
  • Mr. Juan Ignacio Urthiague
    CFO & Investor Relations Officer
  • Ms. Patricia Pomies
    Chief Operating Officer
  • Ms. Yanina Maria Conti
    Chief Accounting Officer
  • Mr. Diego Tartara
    Chief Technology Officer
  • Mr. Sebastian Arriada
    Chief Information Officer
  • Mr. Patricio Pablo Rojo
    Gen. Counsel













GLOB Stock - Frequently Asked Questions

Should I buy or sell Globant stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last twelve months. There are currently 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GLOB shares.
View GLOB analyst ratings
or view top-rated stocks.

What is Globant's stock price forecast for 2023?

12 brokers have issued 1-year price objectives for Globant's stock. Their GLOB share price forecasts range from $192.00 to $250.00. On average, they predict the company's stock price to reach $221.23 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for GLOB
or view top-rated stocks among Wall Street analysts.

How have GLOB shares performed in 2023?

Globant's stock was trading at $168.16 at the beginning of 2023. Since then, GLOB stock has increased by 17.2% and is now trading at $197.16.
View the best growth stocks for 2023 here
.

Are investors shorting Globant?

Globant saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,880,000 shares, an increase of 19.7% from the August 15th total of 1,570,000 shares. Based on an average daily volume of 371,500 shares, the days-to-cover ratio is presently 5.1 days. Currently, 4.6% of the shares of the company are sold short.
View Globant's Short Interest
.

When is Globant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our GLOB earnings forecast
.

How were Globant's earnings last quarter?

Globant S.A. (NYSE:GLOB) issued its earnings results on Thursday, August, 17th. The information technology services provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by $0.06. The information technology services provider earned $497.53 million during the quarter, compared to analyst estimates of $496.47 million. Globant had a trailing twelve-month return on equity of 11.40% and a net margin of 7.74%.

What guidance has Globant issued on next quarter's earnings?

Globant issued an update on its third quarter 2023 earnings guidance on Thursday, August, 17th. The company provided earnings per share guidance of $1.46- for the period, compared to the consensus EPS estimate of $1.49. The company issued revenue guidance of $545.00M-, compared to the consensus revenue estimate of $533.83 million.

What is Martin Migoya's approval rating as Globant's CEO?

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.

What other stocks do shareholders of Globant own?

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).

What is Globant's stock symbol?

Globant trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLOB."

Who are Globant's major shareholders?

Globant's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (7.08%), BlackRock Inc. (6.73%), JPMorgan Chase & Co. (3.70%), Sands Capital Management LLC (3.60%), Riverbridge Partners LLC (3.55%) and Perpetual Ltd (3.29%).

How do I buy shares of Globant?

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.
Compare Top Brokerages Here.

What is Globant's stock price today?

One share of GLOB stock can currently be purchased for approximately $197.16.

How much money does Globant make?

Globant (NYSE:GLOB) has a market capitalization of $8.33 billion and generates $1.78 billion in revenue each year. The information technology services provider earns $148.89 million in net income (profit) each year or $3.44 on an earnings per share basis.

How many employees does Globant have?

The company employs 27,122 workers across the globe.

How can I contact Globant?

Globant's mailing address is 37A AVENUE J.F. KENNEDY, Luxembourg N4, L-1855. The official website for the company is www.globant.com. The information technology services provider can be reached via phone at (522) 030-1596 or via email at investors@globant.com.

This page (NYSE:GLOB) was last updated on 9/26/2023 by MarketBeat.com Staff

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