Globant’s (GLOB) “Buy” Rating Reaffirmed at Needham & Company LLC

Globant (NYSE:GLOB)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They presently have a $60.00 price objective on the information technology services provider’s stock. Needham & Company LLC’s target price points to a potential upside of 35.66% from the stock’s previous close.

Several other research firms also recently weighed in on GLOB. Jefferies Financial Group downgraded shares of Globant from a “buy” rating to a “hold” rating and dropped their target price for the stock from $80.00 to $61.00 in a research report on Thursday, November 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Globant in a research note on Monday, December 29th. William Blair reiterated an “outperform” rating on shares of Globant in a research report on Wednesday, December 31st. JPMorgan Chase & Co. cut their target price on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Finally, Mizuho decreased their target price on Globant from $91.00 to $76.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Six investment 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’s stock. According to MarketBeat, Globant currently has an average rating of “Hold” and a consensus price target of $81.27.

Globant Trading Down 0.9%

Shares of NYSE GLOB opened at $44.23 on Thursday. Globant has a 12 month low of $40.76 and a 12 month high of $142.24. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.62 and a beta of 1.21. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $56.35 and a 200-day simple moving average of $60.19.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GLOB. Corient Private Wealth LLC purchased a new position in shares of Globant during the 4th quarter valued at $899,000. MidFirst Bank purchased a new stake in shares of Globant during the fourth quarter worth $47,000. Virtu Financial LLC purchased a new stake in shares of Globant during the fourth quarter worth $902,000. T. Rowe Price Investment Management Inc. boosted its position in Globant by 618,600.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 167,049 shares of the information technology services provider’s stock valued at $10,920,000 after purchasing an additional 167,022 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Globant by 56.2% in the fourth quarter. Invesco Ltd. now owns 111,595 shares of the information technology services provider’s stock valued at $7,295,000 after purchasing an additional 40,166 shares in the last quarter. 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.