Globant (NYSE:GLOB) Given New $45.00 Price Target at TD Cowen

Globant (NYSE:GLOB) had its target price decreased by TD Cowen from $47.00 to $45.00 in a report issued on Friday,Benzinga reports. TD Cowen currently has a buy rating on the information technology services provider’s stock.

A number of other analysts have also recently weighed in on GLOB. UBS Group decreased their price target on shares of Globant from $50.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday. William Blair lowered Globant from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Guggenheim reduced their price objective on Globant from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $33.00 target price on Globant in a research report on Friday, July 10th. Finally, Itau BBA Securities lowered Globant from an “outperform” rating to a “market perform” rating and set a $39.00 target price for the company. in a research note on Wednesday, July 8th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Globant currently has an average rating of “Hold” and a consensus target price of $46.38.

Globant Trading Down 8.9%

Shares of GLOB stock opened at $37.35 on Friday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.02. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.16. Globant has a fifty-two week low of $27.56 and a fifty-two week high of $72.10. The firm’s 50 day moving average price is $33.79 and its two-hundred day moving average price is $42.34.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a return on equity of 9.25% and a net margin of 4.63%.The business had revenue of $614.42 million for the quarter, compared to analysts’ expectations of $612.86 million. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Globant’s quarterly revenue was up .0% compared to the same quarter last year. 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, analysts anticipate that Globant will post 4.89 EPS for the current year.

Globant announced that its board has authorized a share buyback plan on Monday, May 18th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the information technology services provider to repurchase up to 2.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Globant

A number of institutional investors have recently added to or reduced their stakes in GLOB. BlackRock Inc. purchased a new position in Globant in the 2nd quarter valued at about $128,713,000. Pzena Investment Management LLC purchased a new stake in shares of Globant during the second quarter worth about $111,700,000. Brandes Investment Partners LP lifted its stake in shares of Globant by 4.0% in the fourth quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock worth $156,936,000 after acquiring an additional 91,732 shares in the last quarter. Capital International Investors lifted its stake in shares of Globant by 10.6% in the fourth quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock worth $149,292,000 after acquiring an additional 218,570 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Globant by 8.5% in the fourth quarter. Royal Bank of Canada now owns 1,777,710 shares of the information technology services provider’s stock valued at $116,209,000 after purchasing an additional 138,596 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Key Headlines Impacting Globant

Here are the key news stories impacting Globant this week:

• Positive Sentiment: Globant reported second-quarter revenue of approximately $614.4 million, slightly above analysts’ expectations. The company also highlighted strong momentum in its Glob.AI business, with annual recurring revenue reaching $52.8 million, up 61% sequentially, and management expects Glob.AI ARR to exceed $110 million by year-end. Globant Reports 2026 Second Quarter Financial Results
• Positive Sentiment: Operating cash flow increased to $30.2 million, while total liabilities declined, indicating continued cash generation and a relatively solid balance sheet. TD Cowen and Guggenheim maintained “buy” ratings, with revised targets of $45 and $50, respectively. Analyst rating updates
• Neutral Sentiment: Despite the near-term pressure, several analysts’ revised targets remain above the stock’s recent trading level. JPMorgan and Goldman Sachs maintained neutral ratings with targets of $44 and $52, while Truist assigned a hold rating and a $38 target, signaling limited near-term upside in its view. What’s going on with Globant stock on Friday?
• Negative Sentiment: Second-quarter adjusted EPS was $1.40, below the $1.50 consensus estimate and down from $1.53 a year earlier. Revenue was essentially flat year over year, while gross profit declined 4.3%, reinforcing concerns about margin pressure and weak growth. Globant Q2 Earnings Lag Estimates
• Negative Sentiment: Third-quarter revenue guidance of $607 million to $615 million and EPS guidance of $1.43 were below consensus estimates of $626.2 million and $1.52. Full-year revenue guidance also trailed expectations, prompting investors to reassess Globant’s growth outlook. Globant: The Transition To AI As A Service Will Take Time
• Negative Sentiment: Goldman Sachs, Guggenheim, TD Cowen, JPMorgan and Truist all lowered their price targets, reflecting reduced confidence in the pace of recovery. The market is also concerned that converting Globant’s AI investments into significant revenue will take time. Stocks to Watch Heading Into Friday

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.