Globant - GLOB Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GLOB shares.
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8 analysts have issued 12 month price targets for Globant's stock. Their GLOB share price forecasts range from $192.00 to $300.00. On average, they expect the company's stock price to reach $230.11 in the next year. This suggests a possible upside of 48.3% from the stock's current price.
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Globant's stock was trading at $168.16 on January 1st, 2023. Since then, GLOB shares have decreased by 7.8% and is now trading at $155.12.
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Globant saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 922,200 shares, an increase of 11.3% from the February 13th total of 828,400 shares. Based on an average daily volume of 356,200 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 18th 2023.
View our GLOB earnings forecast.

Globant S.A. (NYSE:GLOB) posted its quarterly earnings data on Thursday, February, 16th. The information technology services provider reported $1.12 EPS for the quarter, missing the consensus estimate of $1.14 by $0.02. The information technology services provider earned $490.72 million during the quarter, compared to analysts' expectations of $489.67 million. Globant had a net margin of 8.36% and a trailing twelve-month return on equity of 12.09%.

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), ProShares Metaverse ETF (VERS), Harbor Corporate Culture Leaders ETF (HAPY), SPDR FactSet Innovative Technology ETF (XITK), Emerge EMPWR Unified Sustainable Equity ETF (EMPW), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) and IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM).

Globant issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided EPS guidance of $1.27- for the period, compared to the consensus EPS estimate of $1.35. The company issued revenue guidance of $470.00M-, compared to the consensus revenue estimate of $487.86 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."

Globant's stock is owned by a number of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (8.26%), Price T Rowe Associates Inc. MD (7.37%), Morgan Stanley (5.25%), Pendal Group Ltd (3.43%), Sands Capital Management LLC (3.34%) and Riverbridge Partners LLC (3.28%).

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 $155.12.

Globant (NYSE:GLOB) has a market capitalization of $6.58 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 $3.48 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.