Canaccord Genuity Group Cuts Globant (NYSE:GLOB) Price Target to $50.00

Globant (NYSE:GLOB) had its price target decreased by stock analysts at Canaccord Genuity Group from $70.00 to $50.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the information technology services provider’s stock. Canaccord Genuity Group’s target price points to a potential upside of 1.89% from the stock’s current price.

Several other research firms have also recently weighed in on GLOB. Weiss Ratings reiterated a “sell (d+)” rating on shares of Globant in a research report on Monday, December 29th. Truist Financial assumed coverage on Globant in a report on Tuesday, January 6th. They set a “hold” rating and a $72.00 price target for the company. William Blair reissued an “outperform” rating on shares of Globant in a research note on Wednesday, December 31st. Jefferies Financial Group cut Globant from a “buy” rating to a “hold” rating and decreased their target price for the stock from $80.00 to $61.00 in a research note on Thursday, November 20th. Finally, UBS Group reiterated a “neutral” rating and issued a $75.00 target price on shares of Globant in a report on Monday, January 19th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Globant currently has a consensus rating of “Hold” and a consensus target price of $87.13.

Globant Trading Up 4.7%

GLOB traded up $2.20 during midday trading on Friday, hitting $49.07. 1,923,598 shares of the company were exchanged, compared to its average volume of 1,528,488. The firm’s 50 day moving average price is $61.71 and its 200-day moving average price is $62.40. Globant has a 1-year low of $40.76 and a 1-year high of $151.34. The firm has a market capitalization of $2.16 billion, a P/E ratio of 22.12, a P/E/G ratio of 4.88 and a beta of 1.19. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB) last issued 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. The company had revenue of $612.47 million during the quarter, compared to the consensus estimate of $605.61 million. Globant had a return on equity of 10.39% and a net margin of 4.01%.The firm’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $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 analysts forecast that Globant will post 5.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. CWM LLC grew its holdings in Globant by 30.1% during the second quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 147 shares during the period. Baker Avenue Asset Management LP increased its position in shares of Globant by 2.0% during the second quarter. Baker Avenue Asset Management LP now owns 8,010 shares of the information technology services provider’s stock valued at $728,000 after buying an additional 156 shares during the period. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 182 shares in the last quarter. Signaturefd LLC boosted its holdings in Globant by 65.1% in the 4th quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 190 shares during the period. Finally, Allworth Financial LP boosted its holdings in Globant by 214.1% in the 2nd quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 197 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

More Globant News

Here are the key news stories impacting Globant this week:

• Positive Sentiment: Management raised Q1 and FY‑2026 EPS guidance above consensus (Q1: $1.440–1.540 vs. est. ~1.33; FY: $6.100–6.500 vs. est. ~5.67), which is the main catalyst for the stock move higher. Globant Reports 2025 Fourth Quarter Financial Results
• Positive Sentiment: Revenue beat Q4 estimates ($612.47M vs. ~$605.6M) while EPS matched consensus at $1.54, helping calm near‑term investor concerns about the topline. Globant (GLOB) Q4 Earnings Match Estimates
• Positive Sentiment: The company reported record free cash flow in the quarter, which improves financial flexibility and supports the credibility of the raised EPS outlook. Globant SA (GLOB) Q4 2025 Earnings Call Highlights: Record Free Cash Flow Amid Revenue Decline
• Neutral Sentiment: Earnings call transcript and slides are available for deeper read‑throughs of client trends, backlog commentary and margin drivers — useful for assessing whether guidance is sustainable. Globant S.A. (GLOB) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue was down ~4.7% year‑over‑year and EPS fell from $1.75 a year ago to $1.54, signaling ongoing demand and margin pressure that could limit upside if growth doesn’t reaccelerate. Globant earnings report and materials
• Negative Sentiment: Analyst/valuation writeups note the sharp pullback in the share price and question near‑term upside absent a clear return to organic growth and margin expansion. Watch execution on the raised EPS targets. Reassessing Globant (GLOB) Valuation After Sharp Share Price Pullback

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.