Weekly Investment Analysts’ Ratings Changes for Globant (GLOB)

Globant (NYSE: GLOB) recently received a number of ratings updates from brokerages and research firms:

• 11/19/2024 – Globant had its price target raised by analysts at Scotiabank from $210.00 to $220.00. They now have a “sector perform” rating on the stock.
• 11/18/2024 – Globant had its “hold” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $205.00 price target on the stock.
• 11/16/2024 – Globant was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/15/2024 – Globant had its price target lowered by analysts at Piper Sandler from $240.00 to $237.00. They now have an “overweight” rating on the stock.
• 11/15/2024 – Globant had its price target raised by analysts at Needham & Company LLC from $245.00 to $265.00. They now have a “buy” rating on the stock.
• 11/15/2024 – Globant had its price target raised by analysts at TD Cowen from $230.00 to $240.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Globant was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/31/2024 – Globant was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/30/2024 – Globant had its price target raised by analysts at JPMorgan Chase & Co. from $237.00 to $248.00. They now have an “overweight” rating on the stock.
• 10/28/2024 – Globant had its price target raised by analysts at Citigroup Inc. from $240.00 to $251.00. They now have a “buy” rating on the stock.
• 10/23/2024 – Globant was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Globant Stock Performance

Shares of GLOB opened at $222.37 on Friday. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 58.06, a PEG ratio of 2.55 and a beta of 1.39. Globant S.A. has a 52 week low of $151.68 and a 52 week high of $251.50. The stock has a fifty day moving average of $209.61 and a 200-day moving average of $191.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Globant by 7.9% in the first quarter. Vanguard Group Inc. now owns 112,339 shares of the information technology services provider’s stock valued at $22,681,000 after purchasing an additional 8,267 shares during the period. Cetera Investment Advisers increased its position in Globant by 1,079.8% during the 1st quarter. Cetera Investment Advisers now owns 20,140 shares of the information technology services provider’s stock valued at $4,066,000 after purchasing an additional 18,433 shares during the period. Creative Planning raised its holdings in Globant by 20.5% during the 3rd quarter. Creative Planning now owns 2,062 shares of the information technology services provider’s stock worth $409,000 after purchasing an additional 351 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Globant by 97.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 154,538 shares of the information technology services provider’s stock valued at $27,548,000 after purchasing an additional 76,256 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Globant during the 2nd quarter valued at about $1,319,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.