Investment Analysts’ Weekly Ratings Changes for Globant (GLOB)

Globant (NYSE: GLOB) has recently received a number of price target changes and ratings updates:

  • 9/26/2019 – Globant was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 9/25/2019 – Globant was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $102.00 price target on the stock. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 9/18/2019 – Globant was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 9/17/2019 – Globant was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $99.00 price target on the stock. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 9/11/2019 – Globant was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 9/10/2019 – Globant was downgraded by analysts at HSBC Holdings plc from a “hold” rating to a “reduce” rating. They now have a $80.00 price target on the stock, up previously from $52.00.
  • 9/6/2019 – Globant was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $105.00 price target on the stock. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 8/30/2019 – Globant was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 8/27/2019 – Globant was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $110.00 price target on the stock. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 8/21/2019 – Globant was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $103.00 price target on the stock. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 8/20/2019 – Globant was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 8/16/2019 – Globant was given a new $116.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 8/16/2019 – Globant had its “buy” rating reaffirmed by analysts at William Blair.
  • 8/9/2019 – Globant was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
  • 8/7/2019 – Globant was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $118.00 price target on the stock. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “

Shares of Globant stock traded up $0.65 on Monday, reaching $92.52. The company’s stock had a trading volume of 80,847 shares, compared to its average volume of 247,768. The company has a market capitalization of $3.39 billion, a P/E ratio of 66.56 and a beta of 0.88. Globant SA has a 52-week low of $46.30 and a 52-week high of $112.33. The stock has a 50-day moving average price of $94.96 and a 200-day moving average price of $91.20. The company has a quick ratio of 2.29, a current ratio of 2.26 and a debt-to-equity ratio of 0.14.

Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, August 15th. The information technology services provider reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). The business had revenue of $157.50 million during the quarter, compared to analysts’ expectations of $157.50 million. Globant had a net margin of 9.09% and a return on equity of 16.39%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Sell-side analysts forecast that Globant SA will post 1.77 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new stake in shares of Globant in the second quarter worth approximately $5,708,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Globant in the second quarter worth approximately $1,556,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Globant in the second quarter worth approximately $290,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Globant in the second quarter worth approximately $152,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Globant in the second quarter worth approximately $5,133,000. 83.28% of the stock is currently owned by hedge funds and other institutional investors.

Globant SA, a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product coaching services.

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