Globant (NYSE:GLOB) Earns Outperform Rating from Analysts at Wedbush

Wedbush initiated coverage on shares of Globant (NYSE:GLOB) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage issued an outperform rating and a $61.00 price target on the information technology services provider’s stock.

Several other research analysts also recently commented on GLOB. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Globant in a research note on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 target price on shares of Globant in a research note on Thursday, March 19th. UBS Group reissued a “neutral” rating and set a $75.00 price objective on shares of Globant in a research report on Monday, January 19th. JPMorgan Chase & Co. reduced their price objective on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Finally, Guggenheim reduced their price objective on shares of Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Eight investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.12.

Globant Stock Down 4.4%

Shares of NYSE GLOB opened at $43.31 on Thursday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. Globant has a 52 week low of $40.76 and a 52 week high of $142.24. The firm’s fifty day moving average is $48.77 and its 200 day moving average is $58.52. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.56 and a beta of 1.22.

Globant (NYSE:GLOB) last issued 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. Globant had a net margin of 4.19% and a return on equity of 9.98%. The company had revenue of $612.47 million for the quarter, compared to the consensus estimate of $605.61 million. During the same period in the previous year, the firm earned $1.75 earnings per share. The firm’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. On average, equities research analysts expect that Globant will post 5.73 earnings per share for the current year.

Institutional Trading of Globant

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Globant by 34.3% in the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock worth $47,000 after buying an additional 182 shares during the period. Signaturefd LLC grew its position in shares of Globant by 65.1% in the 4th quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock worth $32,000 after buying an additional 190 shares during the period. CWM LLC grew its position in shares of Globant by 35.4% in the 3rd quarter. CWM LLC now owns 861 shares of the information technology services provider’s stock worth $49,000 after buying an additional 225 shares during the period. Sanctuary Advisors LLC grew its position in shares of Globant by 7.2% in the 4th quarter. Sanctuary Advisors LLC now owns 3,801 shares of the information technology services provider’s stock worth $248,000 after buying an additional 255 shares during the period. Finally, State of Wyoming grew its position in shares of Globant by 38.9% in the 3rd quarter. State of Wyoming now owns 1,225 shares of the information technology services provider’s stock worth $70,000 after buying an additional 343 shares during the period. 91.60% of the stock is owned by hedge funds and other 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.