Globant S.A. (NYSE:GLOB) Receives $230.44 Average PT from Brokerages

by · The Markets Daily

Shares of Globant S.A. (NYSE:GLOB – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $230.44.

A number of brokerages recently commented on GLOB. JPMorgan Chase & Co. boosted their target price on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Scotiabank boosted their price objective on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a report on Tuesday, November 19th. Jefferies Financial Group increased their target price on Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Canaccord Genuity Group restated a “hold” rating and set a $205.00 price objective on shares of Globant in a report on Monday, November 18th. Finally, TD Cowen lifted their price objective on shares of Globant from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 15th.

View Our Latest Analysis on Globant

Globant Price Performance

Shares of NYSE:GLOB opened at $214.42 on Wednesday. The business’s 50-day moving average is $221.40 and its 200-day moving average is $203.16. Globant has a 1 year low of $151.68 and a 1 year high of $251.50. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 55.98, a P/E/G ratio of 2.72 and a beta of 1.37.

Institutional Investors Weigh In On Globant

Several institutional investors and hedge funds have recently bought and sold shares of GLOB. Quarry LP raised its holdings in shares of Globant by 529.6% during the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 143 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of Globant in the 2nd quarter worth about $31,000. ORG Partners LLC increased its position in shares of Globant by 65.5% during the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after buying an additional 76 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Globant during the third quarter valued at about $40,000. Finally, American National Bank & Trust raised its stake in Globant by 430.2% in the third quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock worth $45,000 after buying an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Globant

(Get Free Report

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.

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