Globant GLOB has been analyzed by 18 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 5 | 4 | 0 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 5 | 4 | 3 | 0 | 1 |
In the assessment of 12-month price targets, analysts unveil insights for Globant, presenting an average target of $210.56, a high estimate of $257.00, and a low estimate of $135.00. This current average represents a 12.54% decrease from the previous average price target of $240.75.
Interpreting Analyst Ratings: A Closer Look
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 |
|---|---|---|---|---|---|
| Divya Goyal | Scotiabank | Raises | Sector Perform | $200.00 | $190.00 |
| Arvind Ramnani | Piper Sandler | Maintains | Overweight | $238.00 | $238.00 |
| Ashwin Shirvaikar | Citigroup | Raises | Buy | $220.00 | $215.00 |
| James Schneider | Goldman Sachs | Announces | Buy | $200.00 | - |
| Mayank Tandon | Needham | Maintains | Buy | $200.00 | $200.00 |
| 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 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Globant compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Globant's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Globant analyst ratings.
About Globant
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.
Financial Insights: Globant
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Globant's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 20.88%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Globant's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.89% net margin, the company effectively manages costs and achieves strong profitability.
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): Globant's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.67%, the company showcases efficient use of assets and strong financial health.
Debt Management: Globant's debt-to-equity ratio is below the industry average. With a ratio of 0.13, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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