These Analysts Revise Their Forecasts On Globant After Q3 Results

Globant S.A. GLOB reported better-than-expected third-quarter results on Thursday.

Globant posted adjusted earnings of $1.48 per share, beating market estimates of $1.47 per share. The company’s quarterly sales came in at $545.28 million versus estimates of $545.23 million, according to data from Benzinga Pro.

Globant shares jumped 11.1% to trade at $203.45 on Friday.

These analysts made changes to their price targets on Globant following earnings announcement.

• Piper Sandler increased the price target on Globant from $212 to $217. Piper Sandler analyst Arvind Ramnani maintained an Overweight rating.
• Keybanc lowered the price target on Globant from $230 to $218. Keybanc analyst Thomas Blakey maintained an Overweight rating.
• Needham boosted the price target on Globant from $205 to $215. Needham analyst Mayank Tandon maintained a Buy rating.

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