Globant GLOB has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 1 | 4 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Globant, presenting an average target of $230.33, a high estimate of $251.00, and a low estimate of $205.00. Marking an increase of 3.64%, the current average surpasses the previous average price target of $222.25.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Globant among financial experts is revealed through an in-depth exploration 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 |
|---|---|---|---|---|---|
| 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 |
| Surinder Thind | Jefferies | Raises | Buy | $240.00 | $235.00 |
| Tien-Tsin Huang | JP Morgan | Raises | Overweight | $237.00 | $226.00 |
| Bryan Keane | Deutsche Bank | Announces | Hold | $210.00 | - |
| Joseph Vafi | Canaccord Genuity | Raises | Hold | $205.00 | $175.00 |
| Divya Goyal | Scotiabank | Raises | Sector Perform | $210.00 | $200.00 |
| Leonardo Olmos | UBS | Raises | Neutral | $235.00 | $225.00 |
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: 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: Gaining insights, analysts provide estimates for the future value of Globant's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into Globant's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic 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.
Globant: Delving into Financials
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Globant showcased positive performance, achieving a revenue growth rate of 18.08% as of 30 June, 2024. This reflects a substantial 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: Globant's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.58% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Globant's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.19%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Globant's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.46%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.14.
The Core of Analyst Ratings: What Every Investor Should Know
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 publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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