Globant (NYSE:GLOB) Now Covered by Analysts at Susquehanna

Susquehanna began coverage on shares of Globant (NYSE:GLOB) in a report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a positive rating and a $255.00 price objective on the information technology services provider’s stock.

GLOB has been the topic of a number of other reports. Jefferies Financial Group increased their price objective on shares of Globant from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Globant in a research report on Thursday, August 22nd. They set a “hold” rating and a $210.00 price target on the stock. Needham & Company LLC boosted their price objective on Globant from $245.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. Finally, Piper Sandler decreased their target price on Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $230.44.

Globant Stock Up 3.3 %

GLOB stock opened at $223.28 on Tuesday. The stock’s 50 day moving average is $221.00 and its two-hundred day moving average is $199.04. Globant has a 52-week low of $151.68 and a 52-week high of $251.50. The company has a market capitalization of $9.62 billion, a PE ratio of 58.30, a P/E/G ratio of 2.72 and a beta of 1.37.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Equitable Trust Co. boosted its stake in Globant by 1.1% during the 3rd quarter. Equitable Trust Co. now owns 4,550 shares of the information technology services provider’s stock valued at $902,000 after purchasing an additional 50 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Globant by 3.8% in the 3rd quarter. M&T Bank Corp now owns 1,641 shares of the information technology services provider’s stock worth $326,000 after purchasing an additional 60 shares in the last quarter. Franklin Resources Inc. grew its position in Globant by 0.6% in the third quarter. Franklin Resources Inc. now owns 12,800 shares of the information technology services provider’s stock worth $2,704,000 after buying an additional 71 shares during the last quarter. ORG Partners LLC increased its holdings in shares of Globant by 65.5% in the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after buying an additional 76 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Globant by 46.0% during the 3rd quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 92 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Company Profile

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.