Shares of Globant S.A. (NYSE:GLOB – Get Free Report) have received an average rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $222.90.
Several equities analysts recently commented on the stock. KeyCorp upped their target price on shares of Globant from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Scotiabank upped their price objective on shares of Globant from $200.00 to $210.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 21st. Piper Sandler reissued an “overweight” rating and set a $240.00 target price (up from $238.00) on shares of Globant in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Globant in a research note on Thursday, August 22nd. They set a “hold” rating and a $210.00 price target on the stock. Finally, Needham & Company LLC raised their price objective on Globant from $200.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, August 16th.
Read Our Latest Stock Analysis on GLOB
Institutional Investors Weigh In On Globant
Globant Price Performance
Shares of GLOB opened at $191.21 on Monday. The company has a market capitalization of $8.24 billion, a PE ratio of 50.19, a price-to-earnings-growth ratio of 2.49 and a beta of 1.40. Globant has a one year low of $151.68 and a one year high of $251.50. The company’s fifty day moving average price is $195.38 and its 200 day moving average price is $187.28.
Globant (NYSE:GLOB – Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The information technology services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $587.46 million for the quarter, compared to analyst estimates of $586.72 million. Globant had a return on equity of 11.68% and a net margin of 7.39%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. Analysts anticipate that Globant will post 5.01 earnings per share for the current year.
About Globant
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.
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