Globant (GLOB) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GLOB shares.
View GLOB analyst ratings or view top-rated stocks.

11 Wall Street research analysts 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 share price to reach $218.83 in the next year. This suggests a possible upside of 13.8% from the stock's current price.
View analysts price targets for GLOB or view top-rated stocks among Wall Street analysts.

Globant's stock was trading at $168.16 at the beginning of 2023. Since then, GLOB stock has increased by 14.3% and is now trading at $192.29.
View the best growth stocks for 2023 here.

Globant saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,700,000 shares, a decline of 9.6% from the August 31st total of 1,880,000 shares. Based on an average daily trading volume, of 352,800 shares, the short-interest ratio is presently 4.8 days. Currently, 4.1% 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, November 16th 2023.
View our GLOB earnings forecast.

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

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).

Globant issued an update on its third quarter 2023 earnings guidance on Thursday, August, 17th. The company provided EPS guidance of $1.46- for the period, compared to the consensus estimate of $1.49. The company issued revenue guidance of $545.00M-, compared to the consensus revenue estimate of $533.83 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLOB."

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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One share of GLOB stock can currently be purchased for approximately $192.29.

Globant (NYSE:GLOB) has a market capitalization of $8.13 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.

The company employs 27,122 workers across the globe.

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.