Piper Sandler Maintains Overweight Rating for Globant: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of Globant GLOB and raise its price target from $217.00 to $257.00.

Shares of Globant are trading up 1.61% over the last 24 hours, at $239.17 per share.

A move to $257.00 would account for a 7.45% increase from the current share price.

About Globant

Globant 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.

About Analyst Ratings

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 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.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.