Should I buy or sell Globant stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLOB shares. View GLOB analyst ratings or view top-rated stocks .

What is Globant's stock price target for 2024?

11 Wall Street analysts have issued twelve-month price objectives for Globant's shares. Their GLOB share price targets range from $192.00 to $250.00. On average, they predict the company's stock price to reach $218.38 in the next twelve months. This suggests that the stock has a possible downside of 1.1%. 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 31.3% and is now trading at $220.84. View the best growth stocks for 2023 here .

Are investors shorting Globant?

Globant saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,770,000 shares, a drop of 18.8% from the October 31st total of 2,180,000 shares. Based on an average trading volume of 381,400 shares, the days-to-cover ratio is currently 4.6 days. Currently, 4.3% of the company's shares are short sold. 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, February 15th 2024. View our GLOB earnings forecast .

How were Globant's earnings last quarter?

Globant S.A. (NYSE:GLOB) released its quarterly earnings data on Thursday, November, 18th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The information technology services provider earned $341.83 million during the quarter, compared to analysts' expectations of $326.80 million. Globant had a trailing twelve-month return on equity of 11.34% and a net margin of 7.76%. The company's revenue was up 65.0% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share.

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

Who are Globant's major shareholders?

Globant's stock is owned by many different retail and institutional investors. Top institutional investors 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%).

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 .

Top-Rated StocksTop-Rated

Globant Stock Price, News & Analysis (NYSE:GLOB)

$220.84

-1.81 (-0.81%)

(As of 12/5/2023 ET)

Compare

Today's Range: $216.61
▼
$221.34
50-Day Range: $168.28
▼
$226.76
52-Week Range: $135.40
▼
$227.45

Volume: 309,250 shs
Average Volume: 429,613 shs
Market Capitalization: $9.33 billion

P/E Ratio: 61.69
Dividend Yield: N/A
Price Target: $218.38

Globant MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 1.1% Downside
$218.38 Price Target
Short Interest: Healthy
4.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.68
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.26%
From $4.54 to $5.46 Per Share

Overall MarketRank^™

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

2.63 out of 5 stars

Computer And Technology Sector

75th out of 592 stocks

Data Processing & Preparation Industry

4th out of 49 stocks

2.4

Analyst's Opinion

Consensus Rating
Globant has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $218.38, Globant has a forecasted downside of 1.1% from its current price of $220.84.
Amount of Analyst Coverage
Globant has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
4.29% of the float of Globant has been sold short.
Short Interest Ratio / Days to Cover
Globant has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Globant has recently decreased by 18.81%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Globant does not currently pay a dividend.
Dividend Growth
Globant does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Globant has received a 40.12% net impact score from Upright. Globant seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is driven by its "IT consulting services" and "IT services" products. See details.
Environmental Sustainability
The Environmental Impact score for Globant is -0.55.

3.7

News and Social Media Coverage

News Sentiment
Globant has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.40 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Globant this week, compared to 4 articles on an average week.
Search Interest
14 people have searched for GLOB on MarketBeat in the last 30 days. This is an increase of 367% compared to the previous 30 days.
MarketBeat Follows
9 people have added Globant to their MarketBeat watchlist in the last 30 days. This is an increase of 800% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Globant insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.67% of the stock of Globant is held by insiders.
Percentage Held by Institutions
91.49% of the stock of Globant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Globant are expected to grow by 20.26% in the coming year, from $4.54 to $5.46 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Globant is 61.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of Globant is 61.69, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 248.68.
Price to Book Value per Share Ratio
Globant has a P/B Ratio of 5.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Globant Stock (NYSE:GLOB)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GLOB Stock News Headlines

December 6, 2023 | americanbankingnews.com

Globant (NYSE:GLOB) Downgraded by Itau BBA Securities

December 5, 2023 | finance.yahoo.com

Globant Celebrates 20 Years: A Journey from Argentina to Wall Street

December 6, 2023 | Autonomix (Ad)

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December 4, 2023 | finance.yahoo.com

Globant Named as a Leader in the IDC MarketScape: Worldwide Software Engineering Services 2023 Vendor Assessment

November 28, 2023 | finance.yahoo.com

Globant S.A.: Globant/Endava: Initiating Coverage on Two Digital Transformation Leaders; Endava Undervalued

November 28, 2023 | msn.com

Globant Beefs Up Creative Operations by Purchasing Ad Firm GUT

November 28, 2023 | finance.yahoo.com

Globant Shakes the Creative and Tech Industries by acquiring GUT, Cannes Lions 2023's Independent Network of the Year

November 27, 2023 | finance.yahoo.com

Globant Introduces CONVERGE. AI: Limitless Disruption, its Annual Tech Trends' Event Providing Groundbreaking Insights for Business Reinvention

December 6, 2023 | Autonomix (Ad)

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology

November 17, 2023 | msn.com

These Analysts Revise Their Forecasts On Globant After Q3 Results

November 17, 2023 | markets.businessinsider.com

Analysts’ Top Technology Picks: Globant SA (GLOB), Teradyne (TER)

November 17, 2023 | markets.businessinsider.com

Keybanc Maintains Overweight Rating for Globant: Here's What You Need To Know

November 17, 2023 | finance.yahoo.com

Globant S.A. (NYSE:GLOB) Q3 2023 Earnings Call Transcript

November 16, 2023 | seekingalpha.com

Globant S.A. 2023 Q3 - Results - Earnings Call Presentation

November 16, 2023 | benzinga.com

Recap: Globant Q3 Earnings

November 16, 2023 | sfgate.com

Globant: Q3 Earnings Snapshot

November 16, 2023 | markets.businessinsider.com

Globant Reports 2023 Third Quarter Financial Results

November 16, 2023 | msn.com

Globant Non-GAAP EPS of $1.48 beats by $0.01, revenue of $545.28M in-line

November 15, 2023 | msn.com

Globant Q3 2023 Earnings Preview

November 15, 2023 | markets.businessinsider.com

Globant is about to announce earnings — here's what Wall Street expects

November 10, 2023 | msn.com

Major League Rugby partners with Globant

November 10, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Globant

November 9, 2023 | markets.businessinsider.com

Innovation Scrum: Globant and Major League Rugby Announce New Partnership on Sports Technology

November 9, 2023 | finance.yahoo.com

Globant to Announce Third Quarter 2023 Financial Results on November 16th

November 8, 2023 | msn.com

In Uruguay, a Tax Haven With Lots of Beaches and Little Crime

November 7, 2023 | msn.com

PasciVite, LLC Accelerating Digital Reach for Minority-Owned Businesses via NMSDC's AAFES eMarketplace

November 3, 2023 | forbes.com

Brazil’s Jobecam Gets IDB Backing, Enhances AI To Reduce Hiring Bias

See More Headlines

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Company Calendar

Last Earnings: 11/18/2021
Today: 12/05/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/15/2024

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 Target: $218.38
High Stock Price Target: $250.00
Low Stock Price Target: $192.00
Potential Upside/Downside: -1.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.90
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.58
Trailing P/E Ratio: 61.69
Forward P/E Ratio: 48.64
P/E Growth: N/A
Net Income: $148.89 million
Net Margins: 7.76%
Pretax Margin: 9.90%
Return on Equity: 11.34%
Return on Assets: 8.30%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.70
Quick Ratio: 1.70

Sales & Book Value

Annual Sales: $1.78 billion
Price / Sales: 5.24
Cash Flow: $6.53 per share
Price / Cash Flow: 33.84
Book Value: $37.15 per share
Price / Book: 5.94

Miscellaneous

Outstanding Shares: 42,270,000
Free Float: 41,141,000
Market Cap: $9.33 billion
Optionable: Optionable
Beta: 1.38

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Key Executives

Mr. Martin Migoya (Age 55)
Co-founder, Chairman, CEO & President
Mr. Martín Gonzalo Umaran (Age 55)
Co-Founder, Chief Corporate Development Officer, President for EMEA & Director
Mr. Guibert Andres Englebienne (Age 57)
Co-Founder, President of Globant X, Globant Ventures & Latin America and Director
Mr. Nestor Augusto Nocetti
Co-Founder & Executive VP of Corporate 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
General Counsel

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GLOB Stock Analysis - Frequently Asked Questions

Should I buy or sell Globant stock right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last twelve months. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLOB shares.
View GLOB analyst ratings or view top-rated stocks.
What is Globant's stock price target for 2024?: 11 Wall Street analysts have issued twelve-month price objectives for Globant's shares. Their GLOB share price targets range from $192.00 to $250.00. On average, they predict the company's stock price to reach $218.38 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
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 31.3% and is now trading at $220.84.
View the best growth stocks for 2023 here.
Are investors shorting Globant?: Globant saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,770,000 shares, a drop of 18.8% from the October 31st total of 2,180,000 shares. Based on an average trading volume of 381,400 shares, the days-to-cover ratio is currently 4.6 days. Currently, 4.3% of the company's shares are short sold.
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, February 15th 2024.
View our GLOB earnings forecast.
How were Globant's earnings last quarter?: Globant S.A. (NYSE:GLOB) released its quarterly earnings data on Thursday, November, 18th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The information technology services provider earned $341.83 million during the quarter, compared to analysts' expectations of $326.80 million. Globant had a trailing twelve-month return on equity of 11.34% and a net margin of 7.76%. The company's revenue was up 65.0% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share.

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 updated its fourth quarter 2023 earnings guidance on Thursday, November, 16th. The company provided earnings per share guidance of $1.60- for the period, compared to the consensus earnings per share estimate of $1.61. The company issued revenue guidance of $579.00M-, compared to the consensus revenue estimate of $578.82 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).
Who are Globant's major shareholders?: Globant's stock is owned by many different retail and institutional investors. Top institutional investors 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%).
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.

This page (NYSE:GLOB) was last updated on 12/6/2023 by MarketBeat.com Staff

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