Globant (NYSE:GLOB – Get Rating) had its price objective reduced by KeyCorp from $291.00 to $232.00 in a research note issued on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. KeyCorp’s price objective points to a potential upside of 33.14% from the stock’s previous close.
A number of other equities analysts also recently issued reports on GLOB. Cowen reduced their price target on Globant from $248.00 to $210.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 19th. The Goldman Sachs Group dropped their price objective on shares of Globant from $290.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, September 29th. JPMorgan Chase & Co. dropped their price objective on shares of Globant from $303.00 to $240.00 in a report on Friday, October 14th. StockNews.com started coverage on shares of Globant in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Cowen dropped their price objective on shares of Globant from $248.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, October 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.00.
Globant Trading Down 4.0 %
Shares of GLOB stock opened at $174.25 on Friday. The business’s fifty day simple moving average is $186.81 and its 200-day simple moving average is $193.84. The company has a market cap of $7.30 billion, a PE ratio of 53.62 and a beta of 1.41. Globant has a 12-month low of $155.01 and a 12-month high of $324.29.
Institutional Investors Weigh In On Globant
Hedge funds have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new stake in Globant in the 1st quarter valued at about $750,000. Advisor Group Holdings Inc. boosted its position in Globant by 1.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 18,313 shares of the information technology services provider’s stock valued at $4,786,000 after buying an additional 304 shares during the period. Comerica Bank boosted its position in Globant by 12.0% in the 1st quarter. Comerica Bank now owns 2,048 shares of the information technology services provider’s stock valued at $480,000 after buying an additional 220 shares during the period. WINTON GROUP Ltd purchased a new position in Globant in the 1st quarter valued at approximately $344,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Globant by 7.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 529,933 shares of the information technology services provider’s stock valued at $92,207,000 after buying an additional 34,498 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.
Globant Company Profile
Globant SA operates as a technology services company worldwide. It offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools.
- Get a free copy of the StockNews.com research report on Globant (GLOB)
- MarketBeat: Week in Review 11/14 – 11/18
- Target’s Double Bottom Might Have Just Been Confirmed
- How High Can the Fed Go? How to Trade it
- Verra Mobility Stock Has Returned Back to the Station
- Does ASML’s November Rally Have Staying Power?
Receive News & Ratings for Globant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globant and related companies with MarketBeat.com's FREE daily email newsletter.