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Top-Rated StocksTop-Rated
NYSE:GLOB

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
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

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

See Top Rated MarketRank™ Stocks Here

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

September 26, 2023 | finance.yahoo.com
Globant (NYSE:GLOB) Ticks All The Boxes When It Comes To Earnings Growth
September 21, 2023 | barrons.com
Globant S.A.
September 26, 2023 | Tradewins (Ad)
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September 21, 2023 | americanbankingnews.com
Globant (NYSE:GLOB) Stock Rating Reaffirmed by Wedbush
September 20, 2023 | americanbankingnews.com
Globant's (GLOB) Outperform Rating Reaffirmed at Wedbush
September 19, 2023 | markets.businessinsider.com
What 11 Analyst Ratings Have To Say About Globant
September 14, 2023 | finance.yahoo.com
Globant Stock, A Diversification Play, Gets Rating Upgrade
September 11, 2023 | finance.yahoo.com
Estimating The Fair Value Of Globant S.A. (NYSE:GLOB)
September 26, 2023 | Tradewins (Ad)
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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!
September 6, 2023 | msn.com
Wedbush Maintains Globant (GLOB) Outperform Recommendation
August 30, 2023 | barrons.com
S&P 500 Futures Drop in Premarket Trading; HP, Globant Lag
August 29, 2023 | finance.yahoo.com
Globant Wins Google Cloud Industry Solution Services Partner of the Year Award for Media & Entertainment
August 27, 2023 | finance.yahoo.com
Globant's (NYSE:GLOB) Returns On Capital Not Reflecting Well On The Business
August 24, 2023 | msn.com
Scotiabank Initiates Coverage of Globant (GLOB) with Sector Outperform Recommendation
August 22, 2023 | seekingalpha.com
Globant Q2 Results: Growth Improving, But Valuation Remains Demanding
August 21, 2023 | marketwatch.com
Selina Hospitality Shares Up 16% on Globant Partnership
August 21, 2023 | msn.com
Globant Inks Global Corporate Brand Partnership With Selina Hospitality
August 21, 2023 | finance.yahoo.com
Selina and Globant Announce a Strategic Global Alliance Offering Unique Benefits to the Globant Community
August 19, 2023 | msn.com
Wedbush Reiterates Globant (GLOB) Outperform Recommendation
August 19, 2023 | msn.com
TD Cowen Maintains Globant (GLOB) Outperform Recommendation
August 18, 2023 | morningstar.com
Globant Up Over 12%, On Track for Largest Percent Increase Since April 2020 — Data Talk
August 18, 2023 | msn.com
Globant, LaLiga Tech partner Microsoft on AI technology
August 18, 2023 | marketwatch.com
Globant Shares Rise on Outlook, Strong 2Q
August 18, 2023 | finance.yahoo.com
Globant S.A. (NYSE:GLOB) Q2 2023 Earnings Call Transcript
August 18, 2023 | finance.yahoo.com
Globant SA (GLOB): A High-Performing Software Giant with a GF Score of 93
August 17, 2023 | finance.yahoo.com
Globant (GLOB) Beats Q2 Earnings and Revenue Estimates
August 17, 2023 | seekingalpha.com
Globant S.A. 2023 Q2 - Results - Earnings Call Presentation
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
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Data processing & preparation
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NYSE:GLOB
CUSIP
N/A
CIK
1557860
Web
www.globant.com
Phone
(522) 030-1596
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

EPS (Most Recent Fiscal Year)
$3.44
Trailing P/E Ratio
57.31
Forward P/E Ratio
42.31
P/E Growth
N/A
Net Income
$148.89 million
Net Margins
7.74%
Pretax Margin
9.90%
Return on Equity
11.40%
Return on Assets
8.35%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
2.14
Quick Ratio
2.14

Sales & Book Value

Annual Sales
$1.78 billion
Price / Sales
4.68
Cash Flow
$6.61 per share
Price / Cash Flow
29.83
Book Value
$37.15 per share
Price / Book
5.31

Miscellaneous

Outstanding Shares
42,270,000
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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













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 ETFs hold Globant's stock?

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 Emerging Markets Great Consumer ETF (EMC).Franklin Exponential Data ETF (XDAT).

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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