William Blair Has Optimistic Outlook of Globant Q1 Earnings

Globant S.A. (NYSE:GLOB) – Investment analysts at William Blair raised their Q1 2025 earnings per share (EPS) estimates for shares of Globant in a research report issued on Tuesday, January 28th. William Blair analyst M. Nolan now anticipates 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.

GLOB has been the subject of several other reports. Citigroup raised their price objective on Globant from $240.00 to $251.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Susquehanna began coverage on shares of Globant in a research note on Tuesday, December 17th. They set a “positive” rating and a $255.00 price objective for the company. Piper Sandler cut their price objective on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Canaccord Genuity Group reissued a “hold” rating and set a $205.00 target price on shares of Globant in a report on Monday, November 18th. Finally, Jefferies Financial Group upped their price target on shares of Globant from $240.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $231.28.

Globant Price Performance

Shares of GLOB stock opened at $208.34 on Thursday. The business has a fifty day moving average of $218.35 and a 200 day moving average of $208.39. Globant has a 1 year low of $151.68 and a 1 year high of $251.50. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 54.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.38.

Institutional Investors Weigh In On Globant

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in shares of Globant by 20.5% in the third quarter. Creative Planning now owns 2,062 shares of the information technology services provider’s stock worth $409,000 after acquiring an additional 351 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Globant in the 3rd quarter valued at $11,145,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Globant by 18.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,816 shares of the information technology services provider’s stock worth $10,663,000 after purchasing an additional 8,427 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Globant by 121.3% during the third quarter. Principal Financial Group Inc. now owns 30,351 shares of the information technology services provider’s stock worth $6,014,000 after buying an additional 16,639 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Globant in the second quarter valued at about $1,319,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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.