Globant S.A. (NYSE:GLOB – Get Free Report) has received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $218.38.
A number of equities research analysts have weighed in on GLOB shares. Citigroup boosted their target price on shares of Globant from $185.00 to $215.00 in a research note on Tuesday, July 25th. Scotiabank initiated coverage on shares of Globant in a report on Wednesday, August 23rd. They set a “sector outperform” rating and a $210.00 price objective for the company. TD Cowen decreased their target price on shares of Globant from $207.00 to $205.00 and set an “outperform” rating on the stock in a research report on Friday, August 18th. StockNews.com started coverage on shares of Globant in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Bank of America initiated coverage on shares of Globant in a research report on Wednesday, October 11th. They issued a “neutral” rating and a $202.00 price objective on the stock.
Hedge Funds Weigh In On Globant
Globant Price Performance
NYSE GLOB opened at $209.46 on Tuesday. The stock has a market capitalization of $8.85 billion, a PE ratio of 60.89 and a beta of 1.31. Globant has a 1 year low of $135.40 and a 1 year high of $211.93. The business’s 50-day moving average is $189.64 and its 200 day moving average is $182.11.
Globant Company Profile
Globant SA operates as a technology services company worldwide. The company 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.
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