Globant S.A. (NYSE:GLOB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Globant S.A. (NYSE:GLOB) have been assigned an average rating of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $81.2667.

GLOB has been the topic of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $60.00 price target on shares of Globant in a report on Thursday. UBS Group reissued a “neutral” rating and issued a $75.00 price objective on shares of Globant in a report on Monday, January 19th. William Blair restated an “outperform” rating on shares of Globant in a research report on Wednesday, December 31st. Jefferies Financial Group downgraded shares of Globant from a “buy” rating to a “hold” rating and reduced their target price for the stock from $80.00 to $61.00 in a research note on Thursday, November 20th. Finally, Truist Financial started coverage on shares of Globant in a report on Tuesday, January 6th. They issued a “hold” rating and a $72.00 target price on the stock.

Globant Stock Up 1.7%

NYSE GLOB opened at $45.04 on Friday. The business has a fifty day moving average price of $55.86 and a 200 day moving average price of $60.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market cap of $1.97 billion, a P/E ratio of 19.67, a P/E/G ratio of 1.60 and a beta of 1.21. Globant has a one year low of $40.76 and a one year high of $142.24.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.54. The company had revenue of $612.47 million for the quarter, compared to analysts’ expectations of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.98%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous 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. Research analysts anticipate that Globant will post 5.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in shares of Globant by 214.1% in the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after acquiring an additional 197 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Globant by 352.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 352 shares during the last quarter. Signaturefd LLC boosted its position in shares of Globant by 65.1% during the 4th quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 190 shares during the period. Larson Financial Group LLC boosted its position in shares of Globant by 561.2% during the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 578 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Globant by 34.3% in the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 182 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

About Globant

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.