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Globant (GLOB) Stock Forecast & Price Target

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$204.09 +0.80 (+0.39%)
(As of 11/18/2024 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

Sell
1
Hold
6
Buy
12

Based on 19 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 19 analysts, 1 has given a sell rating, 6 have given a hold rating, and 12 have given a buy rating for GLOB.

Consensus Price Target

$228.50
11.96% Upside
According to the 19 analysts' twelve-month price targets for Globant, the average price target is $228.50. 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 11.96% from the current price of $204.09.
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GLOB Analyst Ratings Over Time

TypeCurrent Forecast
11/19/23 to 11/18/24
1 Month Ago
10/20/23 to 10/19/24
3 Months Ago
8/21/23 to 8/20/24
1 Year Ago
11/19/22 to 11/19/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
13 Buy rating(s)
12 Buy rating(s)
10 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$228.50$224.00$219.83$218.38
Forecasted Upside11.96% Upside0.15% Upside9.07% Upside6.64% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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Globant Stock vs. The Competition

TypeGlobantComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.58
2.67
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside12.40% Upside548.76% Upside9.78% Upside
News Sentiment Rating
Positive News

See Recent GLOB News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/18/2024Canaccord Genuity Group
1 of 5 stars
 Reiterated RatingHold ➝ Hold$205.00 ➝ $205.00+0.84%
11/15/2024Needham & Company LLC
3 of 5 stars
 Boost TargetBuy ➝ Buy$245.00 ➝ $265.00+31.40%
11/15/2024TD Cowen
4 of 5 stars
 Boost TargetBuy ➝ Buy$230.00 ➝ $240.00+18.34%
11/15/2024Piper Sandler
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 Lower TargetOverweight ➝ Overweight$240.00 ➝ $237.00+15.49%
10/30/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$237.00 ➝ $248.00+14.08%
10/28/2024Citigroup
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 Boost TargetBuy ➝ Buy$240.00 ➝ $251.00+14.71%
9/9/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$235.00 ➝ $240.00+22.01%
8/22/2024Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$210.00+1.41%
8/21/2024Scotiabank
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D. Goyal
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Boost TargetSector Perform ➝ Sector Perform$200.00 ➝ $210.00+3.20%
8/20/2024UBS Group
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L. Olmos
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Reiterated RatingBuy ➝ Neutral$225.00 ➝ $235.00+16.39%
8/16/2024KeyCorp
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 Boost TargetOverweight ➝ Overweight$220.00 ➝ $235.00+16.60%
6/24/2024The Goldman Sachs Group
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J. Schneider
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Initiated CoverageBuy$200.00+16.24%
5/24/2024Redburn Atlantic
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 Initiated CoverageSell$135.00-21.39%
5/22/2024Mizuho
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 Lower TargetBuy ➝ Buy$279.00 ➝ $252.00+44.83%
5/17/2024Wedbush
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 Lower TargetOutperform ➝ Outperform$250.00 ➝ $200.00+12.57%
4/3/2024HSBC
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 Lower TargetBuy ➝ Buy$275.00 ➝ $270.00+36.52%
3/19/2024Guggenheim
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 Initiated CoverageBuy$250.00+20.76%
12/5/2023Itau BBA Securities
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 DowngradeOutperform ➝ Market Perform
11/10/2023Piper Sandler Companies
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 Lower TargetOverweight$230.00 ➝ $212.00+18.89%
10/11/2023Bank of America
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 Initiated CoverageNeutral$202.00+1.28%
2/17/2023Cowen
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 Lower Target$207.00 ➝ $192.00+18.52%
11/18/2022Cowen
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 Lower TargetOutperform$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 Monday at 07:28 PM ET.


GLOB Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Globant is $228.50, with a high forecast of $270.00 and a low forecast of $135.00.

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There is currently 1 sell rating, 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GLOB shares.

According to analysts, Globant's stock has a predicted upside of 11.96% based on their 12-month stock forecasts.

Analysts like Globant less than other "computer and technology" companies. The consensus rating score for Globant is 2.58 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how GLOB compares to other companies.


This page (NYSE:GLOB) was last updated on 11/18/2024 by MarketBeat.com Staff
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