Equities Analysts Set Expectations for Globant Q1 Earnings

Globant S.A. (NYSE:GLOB) – Investment analysts at William Blair boosted their Q1 2025 EPS estimates for shares of Globant in a research note issued on Tuesday, January 28th. William Blair analyst M. Nolan now expects that the information technology services provider will earn $1.26 per share for the quarter, up from their previous forecast of $1.23. The consensus estimate for Globant’s current full-year earnings is $4.98 per share. William Blair also issued estimates for Globant’s Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.45 EPS and FY2025 earnings at $5.55 EPS.

Other equities analysts have also issued research reports about the company. Susquehanna initiated coverage on Globant in a research note on Tuesday, December 17th. They set a “positive” rating and a $255.00 target price on the stock. Canaccord Genuity Group reissued a “hold” rating and issued a $205.00 price objective on shares of Globant in a research note on Monday, November 18th. Jefferies Financial Group upped their target price on shares of Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, TD Cowen upped their price objective on Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.28.

Globant Trading Down 0.7 %

NYSE GLOB opened at $206.63 on Thursday. Globant has a twelve month low of $151.68 and a twelve month high of $251.50. The stock has a market cap of $8.90 billion, a PE ratio of 53.95, a P/E/G ratio of 2.26 and a beta of 1.38. The stock has a fifty day simple moving average of $218.20 and a 200-day simple moving average of $208.39.

Institutional Investors Weigh In On Globant

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wasatch Advisors LP boosted its stake in Globant by 2.6% during the 3rd quarter. Wasatch Advisors LP now owns 3,480,129 shares of the information technology services provider’s stock worth $689,553,000 after purchasing an additional 88,829 shares during the period. JPMorgan Chase & Co. increased its position in Globant by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,368,608 shares of the information technology services provider’s stock valued at $469,316,000 after acquiring an additional 153,385 shares during the period. Victory Capital Management Inc. raised its stake in Globant by 1,817.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,509,853 shares of the information technology services provider’s stock valued at $299,162,000 after acquiring an additional 1,431,112 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Globant by 0.6% in the 4th quarter. Jennison Associates LLC now owns 802,547 shares of the information technology services provider’s stock valued at $172,082,000 after purchasing an additional 4,970 shares during the last quarter. Finally, abrdn plc increased its holdings in shares of Globant by 36.7% in the fourth quarter. abrdn plc now owns 470,150 shares of the information technology services provider’s stock valued at $101,564,000 after purchasing an additional 126,333 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

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.