Globant - GLOB Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Globant in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GLOB shares.
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6 Wall Street analysts have issued 1-year target prices for Globant's stock. Their GLOB share price forecasts range from $207.00 to $300.00. On average, they anticipate the company's stock price to reach $235.00 in the next year. This suggests a possible upside of 36.9% from the stock's current price.
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Globant's stock was trading at $314.09 on January 1st, 2022. Since then, GLOB shares have decreased by 45.3% and is now trading at $171.69.
View the best growth stocks for 2022 here.

Globant saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 1,020,000 shares, a drop of 16.4% from the October 31st total of 1,220,000 shares. Based on an average daily trading volume, of 315,300 shares, the short-interest ratio is presently 3.2 days. Approximately 2.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our GLOB earnings forecast.

Globant S.A. (NYSE:GLOB) released its earnings results on Thursday, November, 18th. The information technology services provider reported $0.98 EPS for the quarter, topping 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 11.76% and a net margin of 8.31%. The firm's quarterly revenue was up 65.0% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share.

Globant issued an update on its FY 2022 earnings guidance on Thursday, November, 17th. The company provided earnings per share (EPS) guidance of $5.06- for the period, compared to the consensus estimate of $5.05. The company issued revenue guidance of $1.78B-, compared to the consensus revenue estimate of $1.78 billion.

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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.90%), Price T Rowe Associates Inc. MD (6.37%), Sands Capital Management LLC (3.51%), Riverbridge Partners LLC (3.39%), Pendal Group Ltd (3.27%) and Fisher Asset Management LLC (2.20%).

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 $171.69.

Globant (NYSE:GLOB) has a market capitalization of $7.19 billion and generates $1.30 billion in revenue each year. The information technology services provider earns $96.07 million in net income (profit) each year or $3.25 on an earnings per share basis.

The company employs 23,526 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.