NYSE:GLOBGlobant Stock Price, Forecast & News

Globant's stock was trading at $98.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GLOB stock has increased by 63.7% and is now trading at $160.74. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Globant.

Globant is scheduled to release its next quarterly earnings announcement on Thursday, August 20th 2020. View our earnings forecast for Globant.

Globant SA (NYSE:GLOB) issued its quarterly earnings data on Thursday, May, 14th. The information technology services provider reported $0.48 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.48. The information technology services provider earned $191.57 million during the quarter, compared to analyst estimates of $190.24 million. Globant had a return on equity of 16.57% and a net margin of 7.82%. View Globant's earnings history.

Globant issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, May, 14th. The company provided EPS guidance of 0.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.49. The company issued revenue guidance of $179 million, compared to the consensus revenue estimate of $173.8 million.

11 Wall Street analysts have issued 12-month price targets for Globant's stock. Their forecasts range from $80.00 to $167.00. On average, they expect Globant's stock price to reach $130.33 in the next year. This suggests that the stock has a possible downside of 18.9%. View analysts' price targets for Globant.

News stories about GLOB stock have trended negative on Thursday, InfoTrie reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Globant earned a news impact score of -2.1 on InfoTrie's scale. They also assigned media coverage about the information technology services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about Globant.

Globant saw a decline in short interest in June. As of June 30th, there was short interest totaling 1,520,000 shares, a decline of 22.8% from the June 15th total of 1,970,000 shares. Based on an average daily volume of 453,200 shares, the short-interest ratio is currently 3.4 days. Approximately 3.9% of the shares of the company are sold short. View Globant's Current Options Chain.

Some companies that are related to Globant include Bilibili (BILI), PagSeguro Digital (PAGS), StoneCo (STNE), Zendesk (ZEN), Autohome (ATHM), Zynga (ZNGA), Clarivate Analytics (CCC), Pegasystems (PEGA), Five9 (FIVN), YY (YY), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG) and Inovalon (INOV). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Globant investors own include General Electric (GE), NVIDIA (NVDA), Alibaba Group (BABA), Baidu (BIDU), Marvell Technology Group (MRVL), Square (SQ), Crispr Therapeutics (CRSP), InVitae (NVTA), Cisco Systems (CSCO) and Inseego (INSG).

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

Globant's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Riverbridge Partners LLC (3.81%), Envestnet Asset Management Inc. (0.19%) and Paragon Advisors LLC (0.01%).

GLOB stock was purchased by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Envestnet Asset Management Inc., and Paragon Advisors LLC.

Shares of GLOB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GLOB stock can currently be purchased for approximately $160.74.

Globant has a market capitalization of $5.96 billion and generates $659.33 million in revenue each year. The information technology services provider earns $54.01 million in net income (profit) each year or $1.76 on an earnings per share basis. Globant employs 11,855 workers across the globe.

The official website for Globant is www.globant.com.

Globant's mailing address is 37A AVENUE J.F. KENNEDY, Luxembourg N4, L-1855. The information technology services provider can be reached via phone at 352-2030-1596 or via email at [email protected]