Globant (GLOB) Expected to Announce Quarterly Earnings on Thursday

Globant (NYSE:GLOB) is projected to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.74 per share for the quarter.

Globant Stock Up 1.2 %

NYSE GLOB opened at $218.58 on Thursday. Globant has a 52 week low of $151.68 and a 52 week high of $243.35. The firm has a market capitalization of $9.42 billion, a P/E ratio of 57.07, a PEG ratio of 2.46 and a beta of 1.39. The company has a 50-day moving average price of $215.78 and a 200-day moving average price of $209.69.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GLOB. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of Globant in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their price objective on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Scotiabank raised their price objective on Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 19th. TD Cowen raised their price target on Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Piper Sandler reduced their price objective on Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Globant has a consensus rating of “Moderate Buy” and an average price target of $230.28.

About Globant

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.