William Blair Issues Positive Outlook for Globant Earnings

Globant S.A. (NYSE:GLOB - Free Report) - Stock analysts at William Blair upped their Q1 2025 earnings per share (EPS) estimates for shares of Globant in a report released on Tuesday, January 28th. William Blair analyst M. Nolan now anticipates that the information technology services provider will post earnings of $1.26 per share for the quarter, up from their previous estimate of $1.23. The consensus estimate for Globant's current full-year earnings is $4.98 per share. William Blair also issued estimates for Globant's Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.45 EPS and FY2025 earnings at $5.55 EPS.

A number of other analysts have also issued reports on the stock. Citigroup boosted their target price on shares of Globant from $240.00 to $251.00 and gave the company a "buy" rating in a research note on Monday, October 28th. TD Cowen upped their target price on shares of Globant from $230.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Susquehanna initiated coverage on shares of Globant in a research note on Tuesday, December 17th. They set a "positive" rating and a $255.00 price target for the company. JPMorgan Chase & Co. increased their price objective on Globant from $237.00 to $248.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price on Globant from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $230.28.

Globant Stock Down 0.7 %

GLOB traded down $1.42 during trading hours on Thursday, reaching $211.90. 782,434 shares of the company's stock traded hands, compared to its average volume of 445,673. The firm has a 50-day moving average price of $217.57 and a 200 day moving average price of $208.64. Globant has a 52-week low of $151.68 and a 52-week high of $248.94. The firm has a market capitalization of $9.13 billion, a PE ratio of 55.33, a PEG ratio of 2.33 and a beta of 1.39.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Centricity Wealth Management LLC purchased a new stake in Globant in the fourth quarter valued at approximately $38,000. Van Berkom & Associates Inc. acquired a new stake in Globant during the 4th quarter valued at approximately $45,000. Flossbach Von Storch SE lifted its stake in Globant by 6.1% during the 4th quarter. Flossbach Von Storch SE now owns 17,500 shares of the information technology services provider's stock valued at $3,752,000 after acquiring an additional 1,000 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Globant in the 4th quarter valued at $38,000. Finally, Truist Financial Corp increased its stake in shares of Globant by 2.6% in the fourth quarter. Truist Financial Corp now owns 21,703 shares of the information technology services provider's stock worth $4,654,000 after acquiring an additional 557 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Globant Company Profile

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.