Globant - GLOB Stock Forecast, Price & News

Globant S.A. operates as a technology services company worldwide. It 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. The company also provides smart farming, image diagnosis, healthcare interoperability, genomics data processing, telemedicine and medical device, research and development, and precision medicine services; media and entertainment, and travel and hospitality services; 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, it 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, smart venue, UI engineering, and sustainable business solutions. Further, the company provides smart underwriting, monitoring, and digital collection services; digital experience platforms; product strategy, management, and delivery services; and strategic architecture consulting, platforms evolution, and augmented composable solutions. Additionally, it operates augmented coding and testing, StarMeUp, PagoChat, ShopChat, and Walmeric platforms. 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.

Globant Stock Down 2.0 %

NYSE:GLOB traded down $4.69 during trading hours on Friday, reaching $225.21. 12,770 shares of the company were exchanged, compared to its average volume of 330,053. The stock has a market capitalization of $9.43 billion, a P/E ratio of 86.18 and a beta of 1.50. The business's 50 day simple moving average is $196.11 and its 200-day simple moving average is $219.22. Globant has a 1 year low of $159.56 and a 1 year high of $354.62.

Globant (NYSE:GLOB - Get Rating) last announced its earnings results on Thursday, August 18th. The information technology services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.02. Globant had a net margin of 7.77% and a return on equity of 10.98%. The business had revenue of $429.30 million during the quarter, compared to analyst estimates of $426.22 million. During the same period in the previous year, the business posted $0.71 earnings per share. Globant's revenue for the quarter was up 40.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Globant will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on GLOB. Piper Sandler increased their price objective on shares of Globant from $231.00 to $249.00 and gave the company an "overweight" rating in a research note on Friday. TheStreet cut shares of Globant from a "b-" rating to a "c+" rating in a research report on Thursday, May 5th. Citigroup decreased their price objective on shares of Globant from $350.00 to $265.00 and set a "buy" rating for the company in a research report on Friday, May 20th. Wedbush decreased their price objective on shares of Globant to $300.00 in a research report on Friday, May 20th. Finally, Cowen increased their price objective on shares of Globant from $220.00 to $248.00 and gave the stock an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $280.14.