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

Globant (NYSE:GLOB) had its price objective cut by research analysts at Wells Fargo & Company from $57.00 to $50.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 12.37% from the stock’s current price.

Several other research analysts have also issued reports on GLOB. Guggenheim lowered their target price on Globant from $80.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. William Blair reissued an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Mizuho lowered their price objective on Globant from $91.00 to $76.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Globant in a research note on Thursday, March 19th. Finally, Truist Financial began coverage on Globant in a report on Tuesday, January 6th. They issued a “hold” rating and a $72.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $80.80.

Globant Trading Down 1.9%

GLOB opened at $44.49 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. Globant has a fifty-two week low of $40.76 and a fifty-two week high of $142.24. The company’s 50 day moving average price is $53.09 and its two-hundred day moving average price is $59.27. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.61 and a beta of 1.21.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.54. Globant had a net margin of 4.19% and a return on equity of 9.98%. The firm had revenue of $612.47 million during the quarter, compared to the consensus estimate of $605.61 million. During the same quarter last year, the firm earned $1.75 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. 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 Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Baker Avenue Asset Management LP lifted its stake in shares of Globant by 2.0% in the 2nd quarter. Baker Avenue Asset Management LP now owns 8,010 shares of the information technology services provider’s stock valued at $728,000 after purchasing an additional 156 shares during the period. GAMMA Investing LLC grew its stake in Globant by 34.3% during the fourth quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 182 shares during the period. Signaturefd LLC grew its stake in Globant by 65.1% during the fourth 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. State Board of Administration of Florida Retirement System increased its holdings in Globant by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 39,534 shares of the information technology services provider’s stock worth $3,591,000 after purchasing an additional 200 shares in the last quarter. Finally, CWM LLC increased its holdings in Globant by 35.4% in the third quarter. CWM LLC now owns 861 shares of the information technology services provider’s stock worth $49,000 after purchasing an additional 225 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

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.