William Blair Weighs in on Globant’s Q1 Earnings (NYSE:GLOB)

Globant S.A. (NYSE:GLOB) – William Blair boosted their Q1 2025 earnings estimates for shares of Globant in a report released on Tuesday, January 28th. William Blair analyst M. Nolan now expects that the information technology services provider will earn $1.26 per share for the quarter, up from their prior estimate of $1.23. The consensus estimate for Globant’s current full-year earnings is $4.98 per share. William Blair also issued estimates for Globant’s Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.45 EPS and FY2025 earnings at $5.55 EPS.

A number of other equities analysts also recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price objective on shares of Globant in a report on Friday, January 24th. TD Cowen lifted their target price on shares of Globant from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 15th. Piper Sandler cut their price target on Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Scotiabank lifted their price objective on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research note on Tuesday, November 19th. Finally, Citigroup raised their price target on Globant from $240.00 to $251.00 and gave the company a “buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $231.28.

Globant Trading Down 0.7 %

Globant stock opened at $206.63 on Thursday. The firm has a market cap of $8.90 billion, a P/E ratio of 53.95, a P/E/G ratio of 2.26 and a beta of 1.38. Globant has a 1-year low of $151.68 and a 1-year high of $251.50. The firm has a 50-day moving average of $218.20 and a 200-day moving average of $208.39.

Institutional Trading of Globant

A number of large investors have recently made changes to their positions in the business. Marshall Wace LLP purchased a new stake in shares of Globant during the second quarter valued at $1,319,000. Millennium Management LLC grew its stake in Globant by 84.8% in the second quarter. Millennium Management LLC now owns 261,270 shares of the information technology services provider’s stock worth $46,574,000 after purchasing an additional 119,860 shares in the last quarter. Quarry LP increased its holdings in Globant by 529.6% during the 2nd quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 143 shares during the period. Cetera Investment Advisers raised its position in Globant by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 21,327 shares of the information technology services provider’s stock valued at $3,802,000 after purchasing an additional 1,187 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Globant by 28.4% during the 2nd quarter. Clearbridge Investments LLC now owns 339,790 shares of the information technology services provider’s stock worth $60,571,000 after buying an additional 75,192 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Globant Company Profile

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.