Should I buy or sell Globant stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLOB shares. View GLOB analyst ratings or view top-rated stocks .

What is Globant's stock price target for 2024?

17 Wall Street analysts have issued 12 month price targets for Globant's shares. Their GLOB share price targets range from $202.00 to $290.00. On average, they predict the company's stock price to reach $246.59 in the next twelve months. This suggests a possible upside of 33.0% from the stock's current price. View analysts price targets for GLOB or view top-rated stocks among Wall Street analysts .

How have GLOB shares performed in 2024?

Globant's stock was trading at $237.98 at the start of the year. Since then, GLOB stock has decreased by 22.1% and is now trading at $185.38. View the best growth stocks for 2024 here .

Are investors shorting Globant?

Globant saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 953,300 shares, a decline of 10.1% from the March 15th total of 1,060,000 shares. Based on an average trading volume of 475,200 shares, the short-interest ratio is currently 2.0 days. View Globant's Short Interest .

When is Globant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024. View our GLOB earnings forecast .

How were Globant's earnings last quarter?

Globant S.A. (NYSE:GLOB) announced its earnings results on Thursday, February, 15th. The information technology services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by $0.08. The information technology services provider earned $580.71 million during the quarter, compared to analyst estimates of $579.70 million. Globant had a net margin of 7.56% and a trailing twelve-month return on equity of 11.38%.

What ETFs hold Globant's stock?

ETFs with the largest weight of Globant (NYSE:GLOB) stock in their portfolio include Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH) , ProShares S&P Kensho Smart Factories ETF (MAKX) , BlackRock Future Innovators ETF (BFTR) , ProShares Metaverse ETF (VERS) , Harbor Corporate Culture Leaders ETF (HAPY) , Matthews Emerging Markets ex China Active ETF (MEMX) and Global X Emerging Markets Great Consumer ETF (EMC) . Franklin Exponential Data ETF (XDAT) .

What guidance has Globant issued on next quarter's earnings?

Globant updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of 6.500- for the period, compared to the consensus EPS estimate of 6.670. The company issued revenue guidance of $2.4 billion-, compared to the consensus revenue estimate of $2.5 billion.

What is Martin Migoya's approval rating as Globant's CEO?

1,122 employees have rated Globant Chief Executive Officer Martin Migoya on Glassdoor.com . Martin Migoya has an approval rating of 96% among the company's employees. This puts Martin Migoya in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Globant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Globant investors own include General Electric (GE) , NVIDIA (NVDA) , Alibaba Group (BABA) , Block (SQ) , Alteryx (AYX) , Baidu (BIDU) , Salesforce (CRM) , Invitae (NVTA) , CRISPR Therapeutics (CRSP) and JD.com (JD) .

Who are Globant's major shareholders?

Globant's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Perpetual Ltd (2.53%), Matthews International Capital Management LLC (0.02%), Moody National Bank Trust Division (0.02%), Park Avenue Securities LLC (0.02%), NBC Securities Inc. (0.01%) and 17 Capital Partners LLC (0.01%).

How do I buy shares of Globant?

Shares of GLOB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:GLOB

Globant (GLOB) Stock Price, News & Analysis

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Free GLOB Stock Alerts

$185.41

-4.36 (-2.30%)

(As of 04/16/2024 ET)

Compare

Today's Range: $185.32
▼
$190.73
50-Day Range: $189.69
▼
$242.91
52-Week Range: $135.40
▼
$251.50

Volume: 402,850 shs
Average Volume: 456,857 shs
Market Capitalization: $7.99 billion

P/E Ratio: 51.08
Dividend Yield: N/A
Price Target: $246.59

Get Globant alerts:

Globant MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 33.0% Upside
$246.59 Price Target
Short Interest: Healthy
2.21% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.55
Upright™ Environmental Score
News Sentiment: 0.57
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 20.44%
From $5.04 to $6.07 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.94 out of 5 stars

Computer And Technology Sector

3rd out of 589 stocks

Data Processing & Preparation Industry

1st out of 57 stocks

4.4

Analyst's Opinion

Consensus Rating
Globant has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Globant has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
2.21% of the outstanding shares of Globant have been sold short.
Short Interest Ratio / Days to Cover
Globant has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Globant has recently decreased by 10.07%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Globant does not currently pay a dividend.
Dividend Growth
Globant does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Globant has received a 43.63% net impact score from Upright. Globant seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Jobs". The positive contribution in the "Distributing knowledge" impact category is driven by its "IT consulting services" and "IT services" products. See details.
Environmental Sustainability
The Environmental Impact score for Globant is -0.55.

2.0

News and Social Media Coverage

News Sentiment
Globant has a news sentiment score of 0.57. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Globant this week, compared to 6 articles on an average week.
Search Interest
Only 8 people have searched for GLOB on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Globant to their MarketBeat watchlist in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Globant insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.67% of the stock of Globant is held by insiders.
Percentage Held by Institutions
91.60% of the stock of Globant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Globant are expected to grow by 20.44% in the coming year, from $5.04 to $6.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Globant is 51.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of Globant is 51.07, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 237.75.
Price to Earnings Growth Ratio
Globant has a PEG Ratio of 1.45. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Globant has a P/B Ratio of 4.49. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Globant Stock (NYSE:GLOB)

Globant S.A., 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. Further, the company provides e-commerce, conversational interfaces, design, digital marketing, and digital product delivery services. Additionally, it operates Augoor, an AI-powered platform; MagnifAI, an AI-powered solution for software quality assurance; StarMeUp, a science-based AI platform; WaaSabi, a finance platform; Walmeric, a lead-to-revenue management platform; GeneXus, a suit of AI development tools; Navigate for process optimization powerhouse; BeHealthy, a white-label platform; and FluentLab, an AI conversational and engagement solution. The company offers its services to various industries, including media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, financial services and insurance, consumer, retail and manufacturing, health care, and others. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg, Luxembourg.

GLOB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GLOB Stock News Headlines

April 15, 2024 | msn.com

A tech company with 30,000 workers is bucking the trend of enforced RTO and letting its employees be completely flexible

April 12, 2024 | msn.com

Tech Giant With 30,000 Employees Has No Return-to-Office Policy

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

April 12, 2024 | msn.com

Tecnológica Globant no tiene prisa por regresar a la oficina

April 9, 2024 | finance.yahoo.com

Globant to Hold its Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders on May 10, 2024

April 9, 2024 | prnewswire.com

Globant to Hold its Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders on May 10, 2024

April 8, 2024 | finanznachrichten.de

ThoughtSpot Named Google Cloud Technology Partner of the Year for Data - Business Intelligence

April 8, 2024 | prnewswire.com

Globant Wins Google Cloud Industry Solution Services Partner of the Year Award for Media & Entertainment for Second Consecutive Year

April 16, 2024 | Gold Safe Exchange (Ad)

Trump’s “Tax Free” Retirement Strategy

April 8, 2024 | finance.yahoo.com

Globant's (NYSE:GLOB) investors will be pleased with their solid 144% return over the last five years

April 8, 2024 | americanbankingnews.com

Brokers Offer Predictions for Globant S.A.'s Q3 2024 Earnings (NYSE:GLOB)

April 6, 2024 | americanbankingnews.com

Globant S.A. (NYSE:GLOB) to Post Q2 2024 Earnings of $1.20 Per Share, William Blair Forecasts

April 4, 2024 | bloomberg.com

Globant CEO Migoya on IT Disruptions

April 3, 2024 | msn.com

Elevate acquires Fenway Sports Management’s consulting division

April 2, 2024 | finance.yahoo.com

Wizeline Strengthens Leadership Team with Appointment of Andres Angelani to Chief Executive Officer; Founder Bismarck Lepe Becomes Executive Chairman

April 2, 2024 | businesswire.com

ConnexPay Appoints Ben Peters as Chief Executive Officer

March 28, 2024 | msn.com

Compare with Calvert Emerging Markets Focused Growth Fund;A (CEMAX)

March 28, 2024 | msn.com

‘The Tip of the Spear’: These 2 IT Service Stocks Are Poised to Benefit From an AI-Driven Technology Cycle, Says Analyst

March 27, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: nCino (NCNO) and Globant SA (GLOB)

March 21, 2024 | nasdaq.com

Globant Becomes Oversold (GLOB)

March 21, 2024 | prnewswire.com

Globant Presents "Taste ID": the New Ad by GUT Pokes Fun at Legacy Tech Industry

March 21, 2024 | seekingalpha.com

Globant: Industry Disruptor Growing Considerably

March 20, 2024 | finance.yahoo.com

GLOB Apr 2024 200.000 call

March 17, 2024 | finance.yahoo.com

GLOB Apr 2024 195.000 put

March 16, 2024 | finance.yahoo.com

GLOB Apr 2024 160.000 put

March 16, 2024 | ca.finance.yahoo.com

GLOB Apr 2024 210.000 call

March 14, 2024 | finance.yahoo.com

Altimetrik Taps Anguraj Kumar Arumugam to lead U.S. West Region and Vikas Krishan to Head Up Europe

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Data processing & preparation
Sub-Industry: N/A
Current Symbol: NYSE:GLOB
CUSIP: N/A
CIK: 1557860
Web: www.globant.com
Phone: (522) 030-1596
Fax: N/A
Employees: 29,150
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $246.59
High Stock Price Target: $290.00
Low Stock Price Target: $202.00
Potential Upside/Downside: +30.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.63
Trailing P/E Ratio: 52.02
Forward P/E Ratio: 37.47
P/E Growth: 1.45
Net Income: $158.54 million
Net Margins: 7.56%
Pretax Margin: 9.45%
Return on Equity: 11.38%
Return on Assets: 8.14%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.36
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: $2.10 billion
Price / Sales: 3.88
Cash Flow: $7.56 per share
Price / Cash Flow: 24.97
Book Value: $41.32 per share
Price / Book: 4.57

Miscellaneous

Outstanding Shares: 43,090,000
Free Float: 41,936,000
Market Cap: $8.14 billion
Optionable: Optionable
Beta: 1.35

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Key Executives

Mr. Martin Migoya (Age 56)
Co-founder, Chairman, CEO & President
Mr. Martín Gonzalo Umaran (Age 56)
Co-Founder, Chief Corporate Development Officer, President for EMEA & Director
Mr. Guibert Andres Englebienne (Age 58)
Co-Founder, President of Globant X, Globant Ventures & Latin America and Director
Mr. Nestor Augusto Nocetti
Co-Founder & Executive VP of Corporate Affairs
Mr. Juan Ignacio Urthiague
CFO & Investor Relations Officer
Ms. Patricia Pomies
Chief Operating Officer
Ms. Yanina Maria Conti
Chief Accounting Officer
Mr. Diego Tartara
Chief Technology Officer
Mr. Sebastian Arriada
Chief Information Officer
Mr. Patricio Pablo Rojo
General Counsel

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GLOB Stock Analysis - Frequently Asked Questions

Should I buy or sell Globant stock right now?: 17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLOB shares.
View GLOB analyst ratings or view top-rated stocks.
What is Globant's stock price target for 2024?: 17 Wall Street analysts have issued 12 month price targets for Globant's shares. Their GLOB share price targets range from $202.00 to $290.00. On average, they predict the company's stock price to reach $246.59 in the next twelve months. This suggests a possible upside of 33.0% from the stock's current price.
View analysts price targets for GLOB or view top-rated stocks among Wall Street analysts.
How have GLOB shares performed in 2024?: Globant's stock was trading at $237.98 at the start of the year. Since then, GLOB stock has decreased by 22.1% and is now trading at $185.38.
View the best growth stocks for 2024 here.
Are investors shorting Globant?: Globant saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 953,300 shares, a decline of 10.1% from the March 15th total of 1,060,000 shares. Based on an average trading volume of 475,200 shares, the short-interest ratio is currently 2.0 days.
View Globant's Short Interest.
When is Globant's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our GLOB earnings forecast.
How were Globant's earnings last quarter?: Globant S.A. (NYSE:GLOB) announced its earnings results on Thursday, February, 15th. The information technology services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by $0.08. The information technology services provider earned $580.71 million during the quarter, compared to analyst estimates of $579.70 million. Globant had a net margin of 7.56% and a trailing twelve-month return on equity of 11.38%.

What ETFs hold Globant's stock?: ETFs with the largest weight of Globant (NYSE:GLOB) stock in their portfolio include Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), ProShares S&P Kensho Smart Factories ETF (MAKX), BlackRock Future Innovators ETF (BFTR), ProShares Metaverse ETF (VERS), Harbor Corporate Culture Leaders ETF (HAPY), Matthews Emerging Markets ex China Active ETF (MEMX) and Global X Emerging Markets Great Consumer ETF (EMC).Franklin Exponential Data ETF (XDAT).
What guidance has Globant issued on next quarter's earnings?: Globant updated its FY 2024 earnings guidance on Friday, February, 16th. The company provided EPS guidance of 6.500- for the period, compared to the consensus EPS estimate of 6.670. The company issued revenue guidance of $2.4 billion-, compared to the consensus revenue estimate of $2.5 billion.
What is Martin Migoya's approval rating as Globant's CEO?: 1,122 employees have rated Globant Chief Executive Officer Martin Migoya on Glassdoor.com. Martin Migoya has an approval rating of 96% among the company's employees. This puts Martin Migoya in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Globant own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Globant investors own include General Electric (GE), NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Alteryx (AYX), Baidu (BIDU), Salesforce (CRM), Invitae (NVTA), CRISPR Therapeutics (CRSP) and JD.com (JD).
Who are Globant's major shareholders?: Globant's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Perpetual Ltd (2.53%), Matthews International Capital Management LLC (0.02%), Moody National Bank Trust Division (0.02%), Park Avenue Securities LLC (0.02%), NBC Securities Inc. (0.01%) and 17 Capital Partners LLC (0.01%).
How do I buy shares of Globant?: Shares of GLOB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GLOB) was last updated on 4/16/2024 by MarketBeat.com Staff

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Globant (GLOB) Stock Price, News & Analysis

Globant MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Globant Stock (NYSE:GLOB)

GLOB Stock Price History

GLOB Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

GLOB Stock Analysis - Frequently Asked Questions

Overall MarketRank^™