Globant S.A. (NYSE:GLOB) Receives $230.44 Average Price Target from Analysts

Globant S.A. (NYSE:GLOB) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $231.28.

GLOB has been the subject of a number of research analyst reports. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a research note on Sunday, November 24th. Susquehanna assumed coverage on shares of Globant in a research report on Tuesday, December 17th. They set a “positive” rating and a $255.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. TD Cowen raised their price objective on Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group upped their target price on Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st.

Globant Trading Down 2.1 %

Shares of GLOB opened at $203.68 on Friday. Globant has a twelve month low of $151.68 and a twelve month high of $251.50. The company has a market cap of $8.78 billion, a P/E ratio of 53.18, a P/E/G ratio of 2.26 and a beta of 1.38. The company’s fifty day simple moving average is $218.30 and its 200-day simple moving average is $207.76.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of Globant by 529.6% in the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 143 shares during the period. ORG Partners LLC boosted its holdings in Globant by 65.5% in the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 76 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Globant in the 3rd quarter valued at approximately $40,000. American National Bank & Trust increased its holdings in shares of Globant by 430.2% during the 3rd 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 during the last quarter. Finally, Signaturefd LLC lifted its holdings in Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 92 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

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.