NYSE:GLOB Globant (GLOB) Stock Forecast, Price & News $176.65 +3.17 (+1.83%) (As of 10:27 AM ET) Add Compare Share Share Today's Range$174.05▼$177.3550-Day Range$137.07▼$188.6252-Week Range$135.40▼$240.00Volume28,720 shsAverage Volume477,880 shsMarket Capitalization$7.47 billionP/E Ratio51.05Dividend YieldN/APrice Target$216.44 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Globant MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside24.8% Upside$216.44 Price TargetShort InterestHealthy2.63% of Shares Sold ShortDividend StrengthN/ASustainability-0.61Upright™ Environmental ScoreNews Sentiment0.99Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth21.91%From $4.70 to $5.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.48 out of 5 starsComputer And Technology Sector99th out of 599 stocksData Processing & Preparation Industry8th out of 63 stocks 2.5 Analyst's Opinion Consensus RatingGlobant has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $216.44, Globant has a forecasted upside of 24.8% from its current price of $173.50.Amount of Analyst CoverageGlobant has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.63% of the outstanding shares of Globant have been sold short.Short Interest Ratio / Days to CoverGlobant has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Globant has recently increased by 17.83%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldGlobant does not currently pay a dividend.Dividend GrowthGlobant does not have a long track record of dividend growth. Previous Next 3.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreGlobant has received a 45.06% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is driven by its "IT consulting services" product. See details.Environmental SustainabilityThe Environmental Impact score for Globant is -0.61. Previous Next 2.8 News and Social Media Coverage News SentimentGlobant has a news sentiment score of 0.99. 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 0.50 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Globant this week, compared to 6 articles on an average week.Search InterestOnly 4 people have searched for GLOB on MarketBeat in the last 30 days. This is a decrease of -69% compared to the previous 30 days.MarketBeat Follows1 people have added Globant to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Globant insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.67% of the stock of Globant is held by insiders.Percentage Held by Institutions93.01% of the stock of Globant is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Globant are expected to grow by 21.91% in the coming year, from $4.70 to $5.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Globant is 50.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.00.Price to Earnings Ratio vs. SectorThe P/E ratio of Globant is 50.14, 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 302.78.Price to Book Value per Share RatioGlobant has a P/B Ratio of 4.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Globant (NYSE:GLOB) StockGlobant SA engages in the provision of information technology services. It includes application development, testing, infrastructure management, and application maintenance. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne, and Néstor Augusto Nocetti in 2003 and is headquartered in Luxembourg.Read More Receive GLOB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Globant and its competitors with MarketBeat's FREE daily newsletter. Email Address GLOB Stock News HeadlinesJune 8, 2023 | finance.yahoo.comGlobant Named as a Leader in the IDC MarketScape Worldwide Artificial Intelligence Services 2023 Vendor AssessmentJune 7, 2023 | finance.yahoo.comIs This the Best Time to Invest in Globant S.A. (GLOB)?June 9, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.June 7, 2023 | americanbankingnews.comGlobant (NYSE:GLOB) Shares Gap Down to $188.62June 6, 2023 | finance.yahoo.comMacro-Economic Uncertainty Dragged Globant S.A. (GLOB) in Q1June 2, 2023 | americanbankingnews.comGlobant S.A. (NYSE:GLOB) Receives $216.44 Average Price Target from BrokeragesJune 1, 2023 | finance.yahoo.comGlobant's Women that Build Awards 2023: the Fourth Edition of the Annual Program Recognizing Women Leaders in STEAMMay 30, 2023 | tmcnet.comI AI: Globant's New Commercial of theJune 9, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.May 30, 2023 | finance.yahoo.com"I AI": Globant's New Commercial of the saga "Stuck in Consultancy" Playfully Pokes Fun at AI Trendiness, Highlighting the Track Record of the CompanyMay 29, 2023 | americanbankingnews.comGlobant (NYSE:GLOB) Updates FY 2023 Earnings GuidanceMay 23, 2023 | americanbankingnews.comGlobant (NYSE:GLOB) Given New $201.00 Price Target at KeyCorpMay 22, 2023 | americanbankingnews.comGlobant (NYSE:GLOB) PT Raised to $207.00 at Piper SandlerMay 21, 2023 | americanbankingnews.comGlobant (NYSE:GLOB) Releases Q2 Earnings GuidanceMay 21, 2023 | americanbankingnews.comGlobant (NYSE:GLOB) Issues FY23 Earnings GuidanceMay 20, 2023 | msn.comPiper Sandler Maintains Globant (GLOB) Overweight RecommendationMay 19, 2023 | finance.yahoo.comWhy Globant Stock Soared TodayMay 19, 2023 | msn.comKeybanc Maintains Globant (GLOB) Overweight RecommendationMay 19, 2023 | msn.comNeedham Reiterates Globant (GLOB) Buy RecommendationMay 19, 2023 | markets.businessinsider.comThese Analysts Revise Price Targets On Globant Following Q1 ResultsMay 18, 2023 | benzinga.comGlobant: Q1 Earnings InsightsMay 18, 2023 | markets.businessinsider.comGlobant Reports 2023 First Quarter Financial ResultsMay 18, 2023 | chron.comGlobant: Q1 Earnings SnapshotMay 18, 2023 | markets.businessinsider.comHere's what Wall Street expects from Globant's earningsMay 18, 2023 | americanbankingnews.comGlobant (NYSE:GLOB) Now Covered by Analysts at StockNews.comMay 17, 2023 | msn.comGlobant Q1 2023 Earnings PreviewMay 17, 2023 | msn.comGlobant: Impressive Growth, Still Too ExpensiveSee More Headlines GLOB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GLOB Company Calendar Last Earnings11/18/2021Today6/08/2023Next Earnings (Estimated)8/17/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Data processing & preparation Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:GLOB CUSIPN/A CIK1557860 Webwww.globant.com Phone(522) 030-1596FaxN/AEmployees27,122Year FoundedN/APrice Target and Rating Average Stock Price Forecast$216.44 High Stock Price Forecast$250.00 Low Stock Price Forecast$192.00 Forecasted Upside/Downside+24.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$3.46 Trailing P/E Ratio50.14 Forward P/E Ratio36.91 P/E GrowthN/ANet Income$148.89 million Net Margins8.03% Pretax Margin10.33% Return on Equity11.65% Return on Assets8.49% Debt Debt-to-Equity RatioN/A Current Ratio2.19 Quick Ratio2.19 Sales & Book Value Annual Sales$1.78 billion Price / Sales4.12 Cash Flow$6.66 per share Price / Cash Flow26.04 Book Value$37.15 per share Price / Book4.67Miscellaneous Outstanding Shares42,270,000Free Float41,141,000Market Cap$7.33 billion OptionableOptionable Beta1.40 Key ExecutivesMartín MigoyaChairman & Chief Executive OfficerPatricia PomiesChief Operating OfficerJuan Ignacio UrthiagueChief Financial OfficerDiego TartaraChief Technology OfficerSebastian ArriadaChief Information OfficerKey CompetitorsBilibiliNASDAQ:BILIDXC TechnologyNYSE:DXCFive9NASDAQ:FIVNStoneCoNASDAQ:STNEPegasystemsNASDAQ:PEGAView All CompetitorsInstitutional OwnershipEmpower Advisory Group LLCBought 1,673 shares on 5/25/2023Ownership: 0.004%Ameriprise Financial Inc.Bought 34,974 shares on 5/22/2023Ownership: 0.705%JPMorgan Chase & Co.Sold 1,675,687 shares on 5/18/2023Ownership: 4.206%New York State Common Retirement FundBought 4,018 shares on 5/18/2023Ownership: 0.179%Advisory Services Network LLCBought 766 shares on 5/17/2023Ownership: 0.015%View All Institutional Transactions GLOB Stock - Frequently Asked Questions Should I buy or sell Globant stock right now? 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 9 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. What is Globant's stock price forecast for 2023? 9 brokers have issued 12 month target prices 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 $216.44 in the next year. This suggests a possible upside of 22.2% 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 the year. Since then, GLOB stock has increased by 5.3% and is now trading at $177.08. View the best growth stocks for 2023 here. Are investors shorting Globant? Globant saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,110,000 shares, an increase of 17.8% from the April 30th total of 942,000 shares. Based on an average daily volume of 482,600 shares, the days-to-cover ratio is presently 2.3 days. 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, August 17th 2023. View our GLOB earnings forecast. How were Globant's earnings last quarter? Globant S.A. (NYSE:GLOB) announced its quarterly earnings data on Thursday, November, 18th. The information technology services provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.05. The information technology services provider had revenue of $341.83 million for the quarter, compared to the consensus estimate of $326.80 million. Globant had a trailing twelve-month return on equity of 11.65% and a net margin of 8.03%. The business's quarterly revenue was up 65.0% on a year-over-year basis. During the same period in the previous year, the business earned $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 Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), BlackRock Future Innovators ETF (BFTR), Matthews Emerging Markets ex China Active ETF (MEMX), ProShares Metaverse ETF (VERS), Harbor Corporate Culture Leaders ETF (HAPY), SPDR FactSet Innovative Technology ETF (XITK), Emerge EMPWR Unified Sustainable Equity ETF (EMPW) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC). What guidance has Globant issued on next quarter's earnings? Globant updated its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $1.33- for the period, compared to the consensus EPS estimate of $1.35. The company issued revenue guidance of $496.00M-, compared to the consensus revenue estimate of $493.76 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 variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (8.03%), BlackRock Inc. (6.50%), Wasatch Advisors LP (5.97%), JPMorgan Chase & Co. (4.21%), Sands Capital Management LLC (3.32%) and Perpetual Ltd (3.19%). 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 $177.08. How much money does Globant make? Globant (NYSE:GLOB) has a market capitalization of $7.49 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 $3.46 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 6/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Globant S.A. Please log in to your account or sign up in order to add this asset to your watchlist. 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