最新ニュース Globant (NYSE:GLOB) 株価情報

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 US and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.

Globant SA

GLOBAL BIO CHEM TECH GP by Global BioChem Technology Group Co., Ltd.

GLOBAL BRANDS GROUP NEW by Global Brands Group Holding Ltd.

GLOBAL CONNECTION PCL by GLOBAL CONNECTION PUBLIC CO LTD.

GLOBAL DEFENSE & NATL SEC SYS INC COM

GLOBAL GAS CORP DEL COM

GLOBAL HUNTER CORP NEW by Global Hunter Corp.

GLOBAL INVTS LTD by GLOBAL INVTS LTD.

GLOBAL IT HLDGS INC by Global IT Holdings, Inc.

GLOBAL PARTNER ACQUISITION CORP II UNIT 1 ORD SHSS CL A & 1/3 WT EXP

GLOBAL SWEETENERS HLDGS by Global Sweeteners Holdings Ltd.

GLOBAL TECHS GROUP INC by Global Technologies Group, Inc.

GLOBAL WHOLEHEALTH PTNRS by Global Wholehealth Partners Corporation

GLOBALFOUNDRIES Inc

GLOBALINK INVT INC RT

Global AI Inc

GLOBAL ACQUISITIONS CORP by Global Acquisitions Corporation

Global Acquisitions Corp

GLOBAL ARENA HLDG INC by Global Arena Holding, Inc.

Global Arena Holding Inc

GLOBAL ATOMIC CORP by Global Atomic Corp.

Global Atomic Corp

GLOBAL BATTERY METALS LTD by Global Battery Metals Ltd.

Global Battery Metals Ltd

GLOBAL BIO CHEM TCH U/ADR by Global BioChem Technology Group Co., Ltd.

Global Bio-chem Technology Group Co Ltd

Global Blockchain Acquisition Corp. - Common Stock

Global Blockchain Acquisition Corp

Global Blockchain Acquisition Corp. - Warrant

Global Blockchain Acquisition Corp. - Right

Global Blue Group Holding AG Ordinary Shares

Global Blue Group Holding AG

Global Blue Group Holding AG Warrants exercisable for one Ordinary Share of Global Blue Group Holding AG at a price of $11.50 per share

GLOBAL BROKERAGE INC A by Global Brokerage, Inc.

Global Brokerage Inc

Global Business Travel Group, Inc. Class A Common Stock

Global Business Travel Group Inc

GLOBAL CLEAN ENGY HLDGS by Global Clean Energy Holdings, Inc.

Global Clean Energy Holdings Inc

GLOBAL CLEAN ENERGY INC by Global Clean Energy, Inc.

Global Clean Energy Inc

Global Coin Research

GLOBAL COMPLIANCE APP CRP by GLOBAL COMPLIANCE APPLICATIONS CORP.

Global Compliance Applications Corp

GLOBAL COPPER CORP by GLOBAL COPPER CORP.

Global Copper Corp

GLOBAL CORD BLOOD CORP by Global Cord Blood Corporation

Global Cord Blood Corp

GLOBAL CRSSIG ARLINS NEW by Global Crossing Airlines Group Inc.

Global Crossing Airlines Group Inc

GLOBAL CROSSING AIR B by Global Crossing Airlines Group Inc.

Global Cryptocurrency

GLOBAL DEV&ENVIR RES INC by Global Development & Environmental Resources, Inc.

Global Development & Environmental Resources Inc

GLOBAL DIAMOND EXCH INC by Global Diamond Exchange, Inc.

Global Diamond Exchange Inc

GLOBAL DIGITAL SLTNS INC by Global Digital Solutions, Inc.

Global Digital Solutions Inc

Global Diversified Marketing Group Inc

GLOBAL DOMINION ACCESS SA by Global Dominion Access SA

Global Dominion Access SA

Global E Online Ltd

GLOBAL ECOLOGY CORP by Global Ecology Corp.

Global Ecology Corp

GLOBAL ED CMNTYS CORP by Global Education Communities Corp.

Global Education Communities Corp

GLOBAL ENERGY METALS CORP by Global Energy Metals Corp.

Global Energy Metals Corp

GLOBAL ENERGY NETWORK by Global Energy Networks Corp.

Global Energy Networks Corp

Global Engine Group Holding Limited - Ordinary Shares

Global Engine Group Holding Ltd

GLOBAL ENTMT HOLDINGS INC by Global Entertainment Holdings, Inc.

Global Entertainment Holdings Inc

GLOBAL ENVIRNMNTL ENGY CP by Global Environmental Energy Corp.

Global Environmental Energy Corp

GLOBAL FASHION GROUP by GLOBAL FASHION GROUP SA

Global Fashion Group SA

GLOBAL FERRONICKEL by Global Ferronickel Holdings Inc.

Global Ferronickel Holdings Inc

GLOBAL FOOD AND INGREDIT by Global Food and Ingredients Ltd.

Global Food and Ingredients Inc

GLOBAL GAMING TECHS by Global Gaming Technologies Corp.

Global Gaming Technologies Corp

Global Gas Corp

GLOBAL GAS CORPORATION A by Global Gas Corporation

Global Gold Corp

GLOBAL HEALTH CLINICS LTD by Global Health Clinics Ltd.

Global Health Clinics Ltd

Global Helium Corp

Global Hemp Group Inc

GLOBAL HEMP GROUP INC by Global Hemp Group Inc

Global Indemnity Group, LLC Class A Common Stock (DE)

Global Indemnity Group LLC

Global Industrial Co

GLOBAL INNOVATIVE PLATFOM by Global Innovative Platforms Inc.

Global Innovative Platforms Inc

Global Interactive Technologies Inc

Global Interactive Technologies, Inc. Common Stock - Common Stock

GLOBAL LEADERS CORP by GLOBAL LEADERS CORP

Global Leaders Corp

GLOBAL LI-ION GRAPH ORD by Global Li-Ion Graphite Corp

Global Li-Ion Graphite Corp

Global Lights Acquisition Corp

Global Lights Acquisition Corp - Ordinary Shares

Global Lights Acquisition Corp - Rights

Global Links Corp

GLOBAL LITHIUM RES LTD by GLOBAL LITHIUM RES LTD

Global Lithium Resources Ltd

GLOBAL MED PRODS HDGS INC by Global Medical Products Holdings, Inc.

Global Medical Product Holdings Inc

Global Medical REIT Inc. Series A Cumulative Redeemable Preferred Stock

Global Medical REIT Inc

Global Mofy AI Limited - Class A Ordinary Shares

Global Mofy AI Ltd

Global Net Lease, Inc. 7.375% Series E Cumulative Redeemable Perpetual Preferred Stock

Global Net Lease Inc

Global Net Lease, Inc. 7.50% Series D Cumulative Redeemable Perpetual Preferred Stock

Global Net Lease, Inc. 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock

Global Net Lease, Inc. 7.25% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share

Global Oil & Gas Ltd

GLOBAL ONE RE INVT CP by Global One Real Estate Investment Corp.

Global One Real Estate Investment Corp

Global PVQ SE

Global Partners LP 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests

Global Partners LP

Global Partners LP Common Units representing Limited Partner Interests

GLOBAL PAYMENT TECHS INC by Global Payment Technologies, Inc.

Global Payment Technologies Inc

Global Payments Inc

GLOBAL PHARMATECH INC by Global Pharmatech, Inc.

Global Pharmatech Inc

Global Pole Trusion Group Corp

GLOBAL PROFIT TCHS INC FL by Global Profit Technologies, Inc.

Global Profit Technologies Inc

Global Quest Ltd

GLOBAL RESOURCE ENGY INC by Global Resource Energy, Inc.

Global Resource Energy Inc

GLOBAL SEAFOOD TECH INC by Global Seafood Technologies, Inc.

Global Seafood Technologies Inc

Global Self Storage Inc

Global Ship Lease, Inc. Depository Shares Representing 1/100th Perpetual Preferred Series B% (Marshall Island)

Global Ship Lease Inc

Global Ship Lease Inc New Class A Common Shares

Goldman Sachs analyst James Schneider expects fourth-quarter 2024 reports to reflect gradual demand improvement in 2025 guidance. Based on intra-quarter management commentary and Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>)
Schneider expects modest beats for his <a target="_blank" href="https://www.benzinga.com/topic/information-technology-services-industry" rel="noreferrer noopener">IT Services coverage</a> in the quarter.&nbsp;&nbsp;
The analyst noted that 2025 guidance will reflect modest revenue acceleration that mirrors a gradually improving customer demand environment and monitored Tata Consultancy Services and Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) reports.&nbsp;&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/42882959/intel-partners-with-amazon-cloud-to-drive-next-gen-smart-vehicle-tech" rel="noreferrer noopener">Intel Partners with Amazon Cloud to Drive Next-Gen Smart Vehicle Tech, Wins Stellantis, Karma Auto As Clients</a>
Despite the bottoming in fundamentals, Schneider noted investor expectations have modestly deteriorated in recent weeks, given stiffer FX headwinds across the coverage.
As the analyst continues to see cyclical headwinds moderate, he now prefers applications-focused names like International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>), and EPAM Systems, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>).
He also noted that IBM remains well-positioned for growth as software growth continues to reflect accelerating trends versus history. The analyst&#8217;s estimates for the fourth quarter remain broadly in line with the Street&#8217;s but he expects 2025 guidance to reflect higher revenues from Red Hat&#8217;s outperformance and the upcoming mainframe refresh in the second quarter of 2025.
Investors will likely focus on software growth and portfolio mix as key metrics, with consulting trends under greater scrutiny.&nbsp;&nbsp;
Schneider noted IBM can pivot its software portfolio to mid- to high-single-digit growth while taking share in consulting, with room for multiple expansions. Investor Day is the next catalyst for the stock.
Schneider projected fourth-quarter revenue of $17.62 billion and adjusted EPS of $3.76.
He noted that Globant expects a solid growth outlook with solid margin expansion in 2025. The analyst expects Globant to deliver a largely in-line quarter but thinks 2025 guidance will reflect revenue acceleration and steady margin expansion supported by its unique positioning in high-growth verticals amid a gradual cyclical recovery. Schneider expects investors to focus on revenue growth trends to gauge the rate of potential revenue re-acceleration in 2025.
The analyst projected fourth-quarter revenue of $649 million and adjusted EPS of $1.74.
EPAM&#8217;s 2025 outlook is likely to reflect modest organic growth, as per Schneider. The analyst expects an in-line fourth quarter with 2025 guidance that reflects stabilizing to improving discretionary trends, as he noted the company is set to capture recovering demand for new technology builds and other high-end engineering services. Schneider noted investors will be focused on the pace of EPAM&#8217;s organic re-acceleration given improving fundamentals in 2025.
Schneider projected fourth-quarter revenue of $1.21 billion and adjusted EPS of $2.78.
Price Actions: IBM stock is down 0.47% at $216.38 at last check Tuesday. GLOB is down 1.14% and EPAM is up 0.03%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42881889/uber-nvidia-partnership-to-unlock-value-by-leveraging-ai-to-advance-ridesharing-autonomous-tech-analyst" target="_blank" rel="noreferrer noopener">Uber, Nvidia Partnership To Unlock Value By Leveraging AI To Advance Ridesharing, Autonomous Tech: Analyst</a></li>
</ul>
Photo: Shutterstock

News

Analyst Ratings

Trading Ideas

EPAM

GLOB

INFY

IBM, Globant, EPAM Top IT Bets For 2025, Driven by Demand Trends And Margin Expansion: Analyst

Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $240.12, along with a high estimate of $265.00 and a low estimate of $205.00. Observing a 4.6% increase, the current average has risen from the previous average price target of $229.57. 
<img src="https://www.benzinga.com/files/images/story/2024/1734440426_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
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.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Announces</td>
<td>Positive</td>
<td>$255.00</td>
<td>-</td>
</tr>
<tr>
<td>Divya Goyal</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$220.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Joseph Vafi</td>
<td>Canaccord Genuity</td>
<td>Maintains</td>
<td>Hold</td>
<td>$205.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$265.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$240.00</td>
<td>$230.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$237.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$248.00</td>
<td>$237.00</td>
</tr>
<tr>
<td>Ryan Potter</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$251.00</td>
<td>$240.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Globant compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Globant's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
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.
<a href="https://www.benzinga.com/quote/GLOB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Globant analyst ratings.</a>
<h2>Discovering Globant: A Closer Look</h2>
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 US and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.
<h3>Globant: A Financial Overview</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Over the 3 months period, Globant showcased positive performance, achieving a revenue growth rate of 12.72% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Globant's net margin excels beyond industry benchmarks, reaching 7.41%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Globant's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.48%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Globant's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 1.65%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Globant's debt-to-equity ratio is below the industry average at 0.16, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: Simplified</h2>
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 8 Analyst Projections For Globant

Susquehanna analyst James Friedman initiates coverage on Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Positive rating and announces Price Target of $255.

Price Target

Initiation

Susquehanna Initiates Coverage On Globant with Positive Rating, Announces Price Target of $255

Through this collaboration, Globant will introduce an innovative method for measuring and extracting insights about its team performance and impact on business results, particularly within the software development life cycle.
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.faros.ai%2F%3Futm_source%3Dreferral%26utm_medium%3Dbusiness-wire%26utm_campaign%3D2024-media%26utm_content%3Dglobant-faros-ai&amp;esheet=54164956&amp;newsitemid=20241211045866&amp;lan=en-US&amp;anchor=Faros+AI&amp;index=1&amp;md5=582a7f3b054c5ebf1d7d80b6ace8498e">Faros AI</a>, a leader in software engineering intelligence, announced a strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fbit.ly%2F4eUdFCc&amp;esheet=54164956&amp;newsitemid=20241211045866&amp;lan=en-US&amp;anchor=Globant&amp;index=2&amp;md5=8dc16eba5a4c380d4ffc81829e81f868">Globant</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>), a digitally native company focused on reinventing businesses through innovative technology solutions. This collaboration aims to accelerate client transformation through faster and more efficient Agentic artificial intelligence projects, providing a unified platform that highlights the capabilities and benefits of AI-empowered teams.
Faros AI optimizes engineering workflows by benchmarking productivity across the software development lifecycle (SDLC) and identifying bottlenecks, hotspots, and opportunities for improvement. Globant will empower its engineering teams globally with this new tool so that Globers can make faster and more confident decisions for software development. The expected boost in developer productivity, software quality, and system reliability will improve client satisfaction and help win new opportunities.

Faros AI and Globant Announce Partnership, Collaboration Aims To Accelerate Client Transformation Through Faster And More Efficient Agentic AI Projects

Globant's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) short percent of float has fallen 13.33% since its last report. The company recently reported that it has 2.25 million shares sold short, which is 5.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.99 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Globant Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733490019_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Globant has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Globant's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Globant's peer group average for short interest as a percentage of float is 2.94%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Globant?

Scotiabank analyst Divya Goyal maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Sector Perform and raises the price target from $210 to $220.

Scotiabank Maintains Sector Perform on Globant, Raises Price Target to $220

Canaccord Genuity analyst Joseph Vafi maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Hold and maintains $205 price target.

Canaccord Genuity Maintains Hold on Globant, Maintains $205 Price Target

Risk aversion dominated Wall Street in the final session of the week, driving <a href="https://www.benzinga.com/markets">sharp losses across major indices</a>.
Investors grappled with growing uncertainties surrounding the economic impacts of Donald Trump's policies and the <a href="https://www.benzinga.com/topic/interest-rates">Federal Reserve&#8217;s next moves.</a>
Fed Chair Jerome Powell's remarks from the previous day weighed heavily on risk assets. Powell signaled no need to lower rates, citing the economy's resilience and emphasizing the importance of fully finishing the inflation jobs. 
Boston Fed President Susan Collins added to the uncertainty on Friday, stating she needs to see additional data before deciding on further rate cuts at the Federal Reserve&#8217;s upcoming policy meeting.
Expectations for a 25-basis-point rate cut in December were significantly scaled back, with odds falling to 59%, down from 82% just a day earlier.
U.S. indices are poised to end the week in negative territory, as optimism fueled by Trump's win fizzled. Tech stocks were hit hardest, with the Nasdaq 100 plunging 2.5%, wiping out its post-election gains. 
Chipmakers tumbled across the board, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) reaching a 2-month low, as Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) released a disappointing outlook.
The surge in rate-cut uncertainty and broader economic concerns pushed the CBOE Volatility Index (VIX) up by more than 17%, reflecting heightened market fear.
Treasury yields edged lower, indicating a flight to safe-haven bonds. The drop in yields supported the Japanese yen, which ended a four-day losing streak.
The U.S. dollar eased but remains on track for its seventh consecutive week of gains, marking its longest winning streak since September 2023.
Gold prices remained flat despite falling yields and a softer dollar, failing to act as a hedge in a turbulent session. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) defied the risk-off sentiment, rising 2.5% to $89,600 in a surprising show of strength.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,416.20</td>
<td>-0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,869.72</td>
<td>-1.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,302.85</td>
<td>-1.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,391.40</td>
<td>-2.4%</td>
</tr>
<tr>
<td>CBOE VIX</td>
<td>16.79</td>
<td>17.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 1.4% to $585.28.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;fell 0.8% to $434.08.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 2.5% to $496.12.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 1.4% to $228.75.</li>
<li>The&nbsp;Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, rising 0.8%. The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down 2.7%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) skyrocketed 8.4%, on news that the AI-champion will be included in the Nasdaq 100 index. </li>
<li>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose over 4%, fueling stock momentum after the 6.2% gain on Thursday amid stronger than expected earnings. </li>
<li>Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) rallied over 8% after China announced to end its export-tax rebate for aluminum from Dec. 1. </li>
</ul>
Stocks reacting on earnings reports were: 
<ul>
<li>Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>), down 11%. </li>
<li>AST SpaceMobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), down 13.8%, </li>
<li>Post Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>), down 2.8%. </li>
</ul>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/11/42013424/trumps-musk-ramaswamy-doge-plan-what-it-means-for-defense-and-it-stocks">Trump&#8217;s DOGE Plan: Goldman Sachs Says Defense Stocks Face Risks, IT Firms Could Win</a></li>
</ul>
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Stocks Tumble As Traders Rethink Fed's Action, VIX Spikes 17%, Nasdaq Erases Post-Trump Gains: What's Driving Markets Friday?

Needham analyst Mayank Tandon maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Buy and raises the price target from $245 to $265.

Needham Maintains Buy on Globant, Raises Price Target to $265

TD Cowen analyst Bryan Bergin maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Buy and raises the price target from $230 to $240.

TD Cowen Maintains Buy on Globant, Raises Price Target to $240

Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) 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.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
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. 
<img src="https://www.benzinga.com/files/images/story/2024/1731690047_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
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.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$237.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$248.00</td>
<td>$237.00</td>
</tr>
<tr>
<td>Ryan Potter</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$251.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Surinder Thind</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$240.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$237.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Bryan Keane</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$210.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Vafi</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Hold</td>
<td>$205.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Divya Goyal</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$210.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Leonardo Olmos</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$225.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>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.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Globant's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
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.
<a href="https://www.benzinga.com/quote/GLOB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Globant analyst ratings.</a>
<h2>Get to Know Globant Better</h2>
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.
<h3>Globant: Delving into Financials</h3>
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.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
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.

Beyond The Numbers: 9 Analysts Discuss Globant Stock

WIIM

Globant shares are trading lower. Piper Sandler cut its price target on the stock from $240 to $237.

Piper Sandler analyst Arvind Ramnani maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Overweight and lowers the price target from $240 to $237.

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