Globant (NYSE:GLOB) Price Target Lowered to $44.00 at JPMorgan Chase & Co.

Globant (NYSE:GLOB) had its price objective cut by JPMorgan Chase & Co. from $47.00 to $44.00 in a research report report published on Friday,Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

A number of other research analysts also recently issued reports on GLOB. Guggenheim dropped their target price on shares of Globant from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Friday. Truist Financial reduced their price target on shares of Globant from $54.00 to $44.00 and set a “hold” rating for the company in a report on Friday, May 15th. Itau BBA Securities downgraded shares of Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price target for the company. in a research note on Wednesday, July 8th. Susquehanna dropped their price objective on shares of Globant from $78.00 to $70.00 and set a “positive” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group cut their price objective on shares of Globant from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $46.38.

Globant Trading Down 8.9%

NYSE GLOB opened at $37.35 on Friday. The business has a 50 day simple moving average of $33.79 and a 200 day simple moving average of $42.34. Globant has a one year low of $27.56 and a one year high of $72.10. The stock has a market capitalization of $1.64 billion, a P/E ratio of 14.65, a P/E/G ratio of 1.55 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 1.82.

Globant (NYSE:GLOB) last issued its earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $612.86 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Globant will post 4.89 earnings per share for the current year.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GLOB. Allworth Financial LP increased its position in shares of Globant by 473.3% during the fourth quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 407 shares in the last quarter. Larson Financial Group LLC increased its holdings in Globant by 561.2% during the 4th quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 578 shares in the last quarter. MidFirst Bank bought a new stake in Globant during the 4th quarter worth approximately $47,000. Essential Partners LLC purchased a new stake in shares of Globant in the first quarter worth approximately $55,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Globant by 872.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider’s stock worth $59,000 after purchasing an additional 1,143 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Key Globant News

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

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.