Globant (NYSE:GLOB) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 2 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 3 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $240.12, along with a high estimate of $265.00 and a low estimate of $205.00. Observing a 4.6% increase, the current average has risen from the previous average price target of $229.57.
Analyzing Analyst Ratings: A Detailed Breakdown
A clear picture of Globant's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| James Friedman | Susquehanna | Announces | Positive | $255.00 | - |
| Divya Goyal | Scotiabank | Raises | Sector Perform | $220.00 | $210.00 |
| Joseph Vafi | Canaccord Genuity | Maintains | Hold | $205.00 | $205.00 |
| Mayank Tandon | Needham | Raises | Buy | $265.00 | $245.00 |
| Bryan Bergin | TD Cowen | Raises | Buy | $240.00 | $230.00 |
| Arvind Ramnani | Piper Sandler | Lowers | Overweight | $237.00 | $240.00 |
| Tien-Tsin Huang | JP Morgan | Raises | Overweight | $248.00 | $237.00 |
| Ryan Potter | Citigroup | Raises | Buy | $251.00 | $240.00 |
Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Globant. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Globant compared to the broader market. Price Targets: Gaining insights, analysts provide estimates for the future value of Globant's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Globant's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Globant analyst ratings.
Discovering Globant: A Closer Look
Globant is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2003 in Argentina but is currently headquartered in Luxembourg and primarily serves clients in the US and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.
Globant: A Financial Overview
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Globant showcased positive performance, achieving a revenue growth rate of 12.72% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Globant's net margin excels beyond industry benchmarks, reaching 7.41%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Globant's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.48%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Globant's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.65%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Globant's debt-to-equity ratio is below the industry average at 0.16, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
Latest Ratings for GLOB
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Feb 2022 | Piper Sandler | Maintains | Overweight | |
| Nov 2021 | Citigroup | Maintains | Buy | |
| Nov 2021 | Wedbush | Maintains | Outperform |
View More Analyst Ratings for GLOB
View the Latest Analyst Ratings
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
