Globant S.A. (NYSE:GLOB) Given Consensus Rating of “Moderate Buy” by Analysts

Globant S.A. (NYSE:GLOB) has earned an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $230.44.

A number of equities analysts have commented on the company. Scotiabank raised their price objective on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 19th. Susquehanna started coverage on shares of Globant in a research note on Tuesday, December 17th. They set a “positive” rating and a $255.00 target price on the stock. TD Cowen raised 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. Canaccord Genuity Group restated a “hold” rating and set a $205.00 price target on shares of Globant in a report on Monday, November 18th. Finally, Piper Sandler dropped 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.

Hedge Funds Weigh In On Globant

Large investors have recently made changes to their positions in the stock. Wasatch Advisors LP boosted its position in shares of Globant by 2.6% in the third quarter. Wasatch Advisors LP now owns 3,480,129 shares of the information technology services provider’s stock valued at $689,553,000 after acquiring an additional 88,829 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Globant by 1,817.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,509,853 shares of the information technology services provider’s stock valued at $299,162,000 after purchasing an additional 1,431,112 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Globant by 43.4% during the 2nd quarter. Sei Investments Co. now owns 512,916 shares of the information technology services provider’s stock valued at $91,432,000 after purchasing an additional 155,112 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Globant by 57.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,312 shares of the information technology services provider’s stock valued at $78,851,000 after acquiring an additional 161,512 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Globant by 28.4% during the second quarter. Clearbridge Investments LLC now owns 339,790 shares of the information technology services provider’s stock valued at $60,571,000 after purchasing an additional 75,192 shares during the period. 91.60% of the stock is owned by institutional investors.

Globant Stock Down 0.0 %

Shares of GLOB stock opened at $219.46 on Wednesday. The firm has a 50 day moving average price of $221.45 and a two-hundred day moving average price of $200.60. Globant has a 12-month low of $151.68 and a 12-month high of $251.50. The company has a market capitalization of $9.46 billion, a PE ratio of 57.30, a price-to-earnings-growth ratio of 2.72 and a beta of 1.37.

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.