Globant (NYSE:GLOB) Price Target Cut to $76.00 by Analysts at Mizuho

Globant (NYSE:GLOB) had its price objective reduced by Mizuho from $91.00 to $76.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the information technology services provider’s stock.

A number of other brokerages also recently commented on GLOB. Canaccord Genuity Group decreased their price objective on shares of Globant from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Friday, February 27th. Jefferies Financial Group cut Globant from a “buy” rating to a “hold” rating and reduced their price target for the stock from $80.00 to $61.00 in a report on Thursday, November 20th. UBS Group reissued a “neutral” rating and set a $75.00 price target on shares of Globant in a research report on Monday, January 19th. Guggenheim dropped their price objective 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, Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a research note on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $81.27.

Globant Stock Performance

Shares of NYSE GLOB opened at $49.79 on Tuesday. 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 stock has a 50 day moving average price of $60.57 and a 200 day moving average price of $61.69. The stock has a market capitalization of $2.18 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 5.27 and a beta of 1.21. Globant has a 52 week low of $40.76 and a 52 week high of $147.89.

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

Institutional Investors Weigh In On Globant

A number of hedge funds and other institutional investors have recently modified their holdings of GLOB. CWM LLC boosted its position in shares of Globant by 30.1% in the second quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 147 shares during the period. Baker Avenue Asset Management LP lifted its position in shares of Globant by 2.0% during 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 acquiring an additional 156 shares during the period. GAMMA Investing LLC lifted its position 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 acquiring an additional 182 shares during the period. Signaturefd LLC grew its holdings 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 in the last quarter. Finally, Allworth Financial LP increased its position in shares of Globant by 214.1% in the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.