Shares of Globant S.A. (NYSE:GLOB – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eighteen research firms that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $221.39.
A number of research firms recently issued reports on GLOB. Susquehanna began coverage on Globant in a report on Tuesday, December 17th. They set a “positive” rating and a $255.00 price objective for the company. Canaccord Genuity Group lowered their target price on Globant from $205.00 to $165.00 and set a “hold” rating for the company in a report on Monday, February 24th. StockNews.com upgraded Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. JPMorgan Chase & Co. lowered their target price on Globant from $248.00 to $242.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Finally, UBS Group lowered their target price on Globant from $217.00 to $190.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th.
Get Our Latest Stock Analysis on Globant
Institutional Inflows and Outflows
Globant Stock Up 4.3 %
GLOB opened at $134.43 on Monday. The business has a fifty day moving average of $191.29 and a 200 day moving average of $205.20. Globant has a 52-week low of $128.76 and a 52-week high of $238.32. The stock has a market cap of $5.92 billion, a P/E ratio of 36.14, a PEG ratio of 2.38 and a beta of 1.47.
Globant (NYSE:GLOB – Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.39). Globant had a net margin of 6.86% and a return on equity of 11.83%. The business had revenue of $642.48 million for the quarter, compared to analysts’ expectations of $644.42 million. Equities analysts anticipate that Globant will post 5.73 EPS for the current fiscal 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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