Globant (GLOB) Stock Forecast & Price Target

$192.41

-4.67 (-2.37%)

(As of 09/17/2024 ET)

Globant - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 21 Analyst Ratings

Based on 21 Wall Street analysts who have issued ratings for Globant in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 1 has given a sell rating, 7 have given a hold rating, and 13 have given a buy rating for GLOB.

Consensus Price Target

$222.90
15.85% Upside

High Forecast	$270.00
Average Forecast	$222.90
Low Forecast	$135.00

According to the 21 analysts' twelve-month price targets for Globant, the average price target is $222.90. The highest price target for GLOB is $270.00, while the lowest price target for GLOB is $135.00. The average price target represents a forecasted upside of 15.85% from the current price of $192.41.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)
Hold	7 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$222.90	$219.56	$217.94	$221.23
Forecasted Upside	15.85% Upside	15.66% Upside	20.72% Upside	22.67% Upside

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GLOB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GLOB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Globant Stock vs. The Competition

Type	Globant	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.57	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	15.85% Upside	162.97% Upside	7.65% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/9/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$235.00 ➝ $240.00	+22.01%
9/6/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$226.00 ➝ $237.00	+20.83%
8/22/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Initiated Coverage	Hold	$210.00	+1.41%
8/21/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$175.00 ➝ $205.00	+0.24%
8/21/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Goyal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$200.00 ➝ $210.00	+3.20%
8/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Olmos Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$225.00 ➝ $235.00	+16.39%
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8/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$220.00 ➝ $230.00	+12.78%
8/16/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$220.00 ➝ $235.00	+16.60%
8/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$238.00 ➝ $240.00	+23.28%
8/16/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$200.00 ➝ $245.00	+25.85%
7/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$215.00 ➝ $220.00	+12.90%
6/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$200.00	+16.24%
5/24/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$135.00	-21.39%
5/22/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$279.00 ➝ $252.00	+44.83%
5/17/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$250.00 ➝ $200.00	+12.57%
4/3/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$275.00 ➝ $270.00	+36.52%
3/19/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$250.00	+20.76%
12/5/2023	Itau BBA Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform
11/10/2023	Piper Sandler Companies Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$230.00 ➝ $212.00	+18.89%
10/11/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$202.00	+1.28%
2/17/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$207.00 ➝ $192.00	+18.52%
11/18/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$210.00 ➝ $207.00	+14.04%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:36 PM ET.

GLOB Forecast - Frequently Asked Questions

What is Globant's forecast for 2024?: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Globant is $222.90, with a high forecast of $270.00 and a low forecast of $135.00.
Should I buy or sell Globant stock right now?: 21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last twelve months. There is currently 1 sell rating, 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GLOB shares.
Does Globant's stock price have much upside?: According to analysts, Globant's stock has a predicted upside of 14.36% based on their 12-month stock forecasts.
What analysts cover Globant?: Globant has been rated by research analysts at Canaccord Genuity Group, Citigroup, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Needham & Company LLC, Piper Sandler, Scotiabank, TD Cowen, The Goldman Sachs Group, and UBS Group in the past 90 days.
Do Wall Street analysts like Globant more than its competitors?: Analysts like Globant less than other "computer and technology" companies. The consensus rating score for Globant is 2.57 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how GLOB compares to other companies.