Wells Fargo & Company Has Lowered Expectations for Globant (NYSE:GLOB) Stock Price

Globant (NYSE:GLOB) had its price target cut by investment analysts at Wells Fargo & Company from $68.00 to $57.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 14.48% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. William Blair reiterated an “outperform” rating on shares of Globant in a research report on Wednesday, December 31st. Needham & Company LLC lowered their price objective on shares of Globant from $80.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, February 27th. JPMorgan Chase & Co. cut their target price on Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Guggenheim decreased their price target on Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of Globant in a research note on Monday, January 19th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $81.27.

Globant Trading Up 2.7%

Shares of Globant stock opened at $49.79 on Monday. The stock has a 50 day moving average of $60.57 and a 200 day moving average of $61.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.93 and a current ratio of 1.64. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 5.27 and a beta of 1.21. Globant has a fifty-two week low of $40.76 and a fifty-two week high of $147.89.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, meeting the consensus estimate of $1.54. The business had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. Globant had a return on equity of 9.98% and a net margin of 4.19%.The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 EPS. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. As a group, research analysts predict that Globant will post 5.73 earnings per share for the current year.

Institutional Investors Weigh In On Globant

Large investors have recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in Globant by 199.1% during the second quarter. Invesco Ltd. now owns 2,827,155 shares of the information technology services provider’s stock worth $256,819,000 after purchasing an additional 1,881,940 shares in the last quarter. Brandes Investment Partners LP grew its position in shares of Globant by 4.0% in the 4th quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock valued at $156,936,000 after buying an additional 91,732 shares during the last quarter. Capital International Investors raised its stake in Globant by 10.6% during the 4th quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock worth $149,292,000 after acquiring an additional 218,570 shares in the last quarter. ARGA Investment Management LP raised its stake in Globant by 14,073.7% during the 3rd quarter. ARGA Investment Management LP now owns 2,057,594 shares of the information technology services provider’s stock worth $118,065,000 after acquiring an additional 2,043,077 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Globant by 8.5% in the fourth quarter. Royal Bank of Canada now owns 1,777,710 shares of the information technology services provider’s stock valued at $116,209,000 after acquiring an additional 138,596 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.