In the last three months, 17 analysts have published ratings on Globant GLOB, offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 5 | 3 | 0 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 4 | 5 | 3 | 0 | 1 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $218.65, a high estimate of $270.00, and a low estimate of $135.00. Highlighting a 14.12% decrease, the current average has fallen from the previous average price target of $254.60.
Investigating Analyst Ratings: An Elaborate Study
The standing of Globant among financial experts becomes clear 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 |
|---|---|---|---|---|---|
| Leonardo Olmos | UBS | Lowers | Buy | $230.00 | $240.00 |
| Harry Read | Redburn Atlantic | Announces | Sell | $135.00 | - |
| Dan Dolev | Mizuho | Lowers | Buy | $252.00 | $279.00 |
| Ashwin Shirvaikar | Citigroup | Lowers | Buy | $215.00 | $235.00 |
| Bryan Bergin | TD Cowen | Lowers | Buy | $220.00 | $235.00 |
| Joseph Vafi | Canaccord Genuity | Lowers | Hold | $175.00 | $230.00 |
| Divya Goyal | Scotiabank | Lowers | Sector Perform | $190.00 | $200.00 |
| Moshe Katri | Wedbush | Lowers | Outperform | $200.00 | $250.00 |
| Mayank Tandon | Needham | Lowers | Buy | $200.00 | $275.00 |
| Thomas Blakey | Keybanc | Lowers | Overweight | $220.00 | $272.00 |
| Arvind Ramnani | Piper Sandler | Lowers | Overweight | $238.00 | $290.00 |
| Divya Goyal | Scotiabank | Lowers | Sector Perform | $200.00 | $230.00 |
| Tien-Tsin Huang | JP Morgan | Lowers | Overweight | $257.00 | $273.00 |
| Divya Goyal | Scotiabank | Lowers | Sector Outperform | $230.00 | $260.00 |
| Ashwin Shirvaikar | Citigroup | Lowers | Buy | $235.00 | $275.00 |
| Phani Kanumuri | HSBC | Lowers | Buy | $270.00 | $275.00 |
| Jonathan Lee | Guggenheim | Announces | Buy | $250.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Globant. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Globant compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing 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.
Get to Know Globant Better
Globant SA 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 U.S. and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.
Breaking Down Globant's Financial Performance
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Globant displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 20.88%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.89%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.59%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.67%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.13, Globant adopts a prudent financial strategy, indicating a balanced approach to debt management.
Analyst Ratings: What Are They?
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.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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