Globant (NYSE:GLOB) Price Target Cut to $72.00 by Analysts at TD Cowen

Globant (NYSE:GLOB) had its price target cut by TD Cowen from $74.00 to $72.00 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the information technology services provider’s stock.

Several other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. William Blair reiterated an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Needham & Company LLC reissued a “buy” rating and set a $60.00 target price on shares of Globant in a research report on Thursday, March 19th. Wells Fargo & Company dropped their target price on shares of Globant from $57.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, March 27th. Finally, Mizuho dropped their target price on shares of Globant from $91.00 to $76.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Seven equities 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.25.

Globant Trading Down 2.4%

NYSE:GLOB opened at $46.68 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a 50-day moving average of $50.59 and a 200-day moving average of $58.87. The company has a market cap of $2.05 billion, a PE ratio of 20.39, a PEG ratio of 1.73 and a beta of 1.22. Globant has a one year low of $40.76 and a one year high of $142.24.

Globant (NYSE:GLOB) last posted its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, hitting the consensus estimate of $1.54. The company had revenue of $612.47 million during the quarter, compared to the consensus estimate of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.98%. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 earnings per share. 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, equities research analysts expect that Globant will post 5.73 EPS for the current fiscal year.

Institutional Trading of Globant

Institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of Globant by 352.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 452 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 352 shares in the last quarter. Signaturefd LLC lifted its stake 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 valued at $32,000 after buying an additional 190 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Globant by 473.3% during the 4th quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 407 shares in the last quarter. Larson Financial Group LLC lifted its stake 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 valued at $45,000 after buying an additional 578 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Globant by 34.3% during the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 182 shares in 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.