Globant (GLOB) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globant in the last twelve months. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GLOB shares.
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9 Wall Street analysts have issued 1 year price targets for Globant's stock. Their GLOB share price forecasts range from $192.00 to $250.00. On average, they expect the company's stock price to reach $216.44 in the next twelve months. This suggests a possible upside of 15.9% from the stock's current price.
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Globant's stock was trading at $168.16 at the beginning of 2023. Since then, GLOB shares have increased by 11.1% and is now trading at $186.82.
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Globant saw a increase in short interest in the month of 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 trading volume of 482,600 shares, the short-interest ratio is presently 2.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our GLOB earnings forecast.

Globant S.A. (NYSE:GLOB) posted its quarterly earnings data on Thursday, November, 18th. The information technology services provider reported $0.98 earnings per share 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 11.65% 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 company posted $0.43 earnings per share.

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).

Globant updated its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share 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.

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 shareholders 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%).

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 $186.82.

Globant (NYSE:GLOB) has a market capitalization of $7.93 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.

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.