Globant S.A. (NYSE:GLOB) Stock Has Consensus Target Price of $46.38 According to Brokerages

Globant S.A. (NYSE:GLOB) has been given a consensus recommendation of “Hold” by the eighteen brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $44.81.

GLOB has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their price target on Globant from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. JPMorgan Chase & Co. cut their target price on shares of Globant from $47.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Needham & Company LLC lowered their price target on Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Truist Financial dropped their price target on Globant from $44.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, August 14th. Finally, Zacks Research lowered Globant from a “hold” rating to a “strong sell” rating in a research note on Monday, August 24th.

Insider Buying and Selling at Globant

In other news, CTO Diego Tartara sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $40.45, for a total transaction of $242,700.00. Following the transaction, the chief technology officer directly owned 72,320 shares of the company’s stock, valued at approximately $2,925,344. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wanda Weigert sold 6,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $40.45, for a total value of $242,700.00. Following the completion of the sale, the insider directly owned 64,046 shares of the company’s stock, valued at approximately $2,590,660.70. This trade represents a 8.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,500 shares of company stock worth $585,400 over the last three months. Company insiders own 2.67% of the company’s stock.

Institutional Investors Weigh In On Globant

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its holdings in Globant by 113.5% in the first quarter. Lazard Asset Management LLC now owns 326,027 shares of the information technology services provider’s stock valued at $15,033,000 after acquiring an additional 173,302 shares in the last quarter. Bank of America Corp DE purchased a new position in Globant during the 2nd quarter valued at $10,878,000. BlackRock Inc. bought a new position in Globant in the 2nd quarter worth $128,713,000. NS Partners Ltd bought a new position in Globant in the 2nd quarter worth $4,847,000. Finally, ABN Amro Investment Solutions purchased a new stake in shares of Globant in the 1st quarter worth about $10,146,000. 91.60% of the stock is currently owned by institutional investors.

Globant Stock Up 4.4%

GLOB stock opened at $37.05 on Tuesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.62 billion, a PE ratio of 14.53, a PEG ratio of 4.53 and a beta of 0.98. Globant has a twelve month low of $27.56 and a twelve month high of $72.10. The stock has a 50-day simple moving average of $37.63 and a two-hundred day simple moving average of $38.17.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). The company had revenue of $614.42 million for the quarter, compared to the consensus estimate of $612.86 million. Globant had a net margin of 4.63% and a return on equity of 9.28%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 earnings per share. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. On average, equities analysts predict that Globant will post 4.58 EPS for the current fiscal year.

About Globant

Globant SA (NYSE:GLOB) is a digitally native technology services company that helps organizations develop, modernize and manage digital products and business operations. Its services include software product engineering, user experience and design, cloud transformation, data and analytics, artificial intelligence, enterprise platforms, cybersecurity and digital marketing.

The company works with clients across industries such as financial services, healthcare, media and entertainment, retail, travel and consumer products.