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NYSE:GLOB

Globant - GLOB Stock Forecast, Price & News

$224.48
-5.42 (-2.36%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$213.56
$228.28
50-Day Range
$169.77
$237.23
52-Week Range
$159.56
$354.62
Volume
1.12 million shs
Average Volume
353,899 shs
Market Capitalization
$9.40 billion
P/E Ratio
85.68
Dividend Yield
N/A
Price Target
$283.38

Globant MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
24.8% Upside
$280.14 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.35
Upright™ Environmental Score
News Sentiment
0.32mentions of Globant in the last 14 days
Based on 32 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.36%
From $3.87 to $4.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Computer And Technology Sector

236th out of 653 stocks

Data Processing & Preparation Industry

19th out of 76 stocks

GLOB stock logo

About Globant (NYSE:GLOB) Stock

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.

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GLOB Stock News Headlines

Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
Globant: Q2 Earnings Snapshot - Greenwich Time
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
Globant: Q2 Earnings Insights - Benzinga
Globant Reports 2022 Second Quarter Financial Results
Globant (GLOB) Set to Announce Earnings on Thursday
10 Biggest SaaS Companies in Europe
Should You Buy Globant (GLOB) Ahead of Earnings?
See More Headlines
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GLOB Company Calendar

Last Earnings
8/18/2022
Today
8/19/2022
Next Earnings (Estimated)
11/17/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Fax
N/A
Employees
23,526
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$280.14
High Stock Price Forecast
$371.00
Low Stock Price Forecast
$248.00
Forecasted Upside/Downside
+26.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$96.07 million
Pretax Margin
10.10%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Cash Flow
$5.06 per share
Book Value
$32.69 per share

Miscellaneous

Free Float
N/A
Market Cap
$9.40 billion
Optionable
Optionable
Beta
1.50

Key Executives

  • Mr. Martin Migoya (Age 54)
    Co-founder, Chairman, CEO & Pres
  • Mr. Martín Gonzalo Umaran (Age 54)
    Co-Founder, Chief Corp. Devel. Officer, Pres for EMEA & Director
  • Mr. Guibert Andres Englebienne (Age 56)
    Co-Founder, Pres of Globant X, Globant Ventures & Latin America and Director
  • Mr. Nestor Augusto Nocetti
    Co-Founder & Exec. VP of Corp. Affairs
  • Mr. Juan Ignacio Urthiague
    CFO & Investor Relations Officer
  • Ms. Patricia Pomies
    Chief Operating Officer
  • Ms. Yanina Maria Conti
    Chief Accounting Officer
  • Mr. Diego Tartara
    Chief Technology Officer
  • Mr. Sebastian Arriada
    Chief Information Officer
  • Mr. Patricio Pablo Rojo
    Gen. Counsel













GLOB Stock - Frequently Asked Questions

Should I buy or sell Globant stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GLOB shares.
View GLOB analyst ratings
or view top-rated stocks.

What is Globant's stock price forecast for 2022?

7 Wall Street analysts have issued 1-year price objectives for Globant's shares. Their GLOB share price forecasts range from $240.00 to $371.00. On average, they expect the company's share price to reach $279.00 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
View analysts price targets for GLOB
or view top-rated stocks among Wall Street analysts.

How have GLOB shares performed in 2022?

Globant's stock was trading at $314.09 at the start of the year. Since then, GLOB stock has decreased by 26.8% and is now trading at $229.90.
View the best growth stocks for 2022 here
.

How were Globant's earnings last quarter?

Globant S.A. (NYSE:GLOB) released its quarterly earnings data on Thursday, August, 18th. The information technology services provider reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.02. The information technology services provider had revenue of $429.30 million for the quarter, compared to analyst estimates of $426.22 million. Globant had a trailing twelve-month return on equity of 10.98% and a net margin of 7.77%. Globant's quarterly revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share.

What guidance has Globant issued on next quarter's earnings?

Globant updated its FY22 earnings guidance on Thursday, August, 18th. The company provided earnings per share (EPS) guidance of $5.03 for the period, compared to the consensus EPS estimate of $5.00. The company issued revenue guidance of $1.775 billion, compared to the consensus revenue estimate of $1.77 billion.

What is Martin Migoya's approval rating as Globant's CEO?

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.

What other stocks do shareholders of Globant own?

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).

What is Globant's stock symbol?

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

Who are Globant's major shareholders?

Globant's stock is owned by a number of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (8.06%), Sands Capital Management LLC (3.58%), Riverbridge Partners LLC (3.50%), William Blair Investment Management LLC (3.08%), Price T Rowe Associates Inc. MD (2.55%) and Jennison Associates LLC (1.71%).

How do I buy shares of Globant?

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.
Compare Top Brokerages Here.

What is Globant's stock price today?

One share of GLOB stock can currently be purchased for approximately $229.90.

How much money does Globant make?

Globant (NYSE:GLOB) has a market capitalization of $9.63 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 $2.62 on an earnings per share basis.

How many employees does Globant have?

The company employs 23,526 workers across the globe.

How can I contact Globant?

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.

This page (NYSE:GLOB) was last updated on 8/19/2022 by MarketBeat.com Staff

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