18 analysts have expressed a variety of opinions on Globant (NYSE:GLOB) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 9 | 5 | 3 | 0 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 0 | 0 | 0 |
| 2M Ago | 5 | 3 | 2 | 0 | 1 |
| 3M Ago | 1 | 2 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $212.06, with a high estimate of $257.00 and a low estimate of $135.00. Highlighting a 14.3% decrease, the current average has fallen from the previous average price target of $247.44.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of Globant by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ashwin Shirvaikar | Citigroup | Raises | Buy | $220.00 | $215.00 |
| James Schneider | Goldman Sachs | Announces | Buy | $200.00 | - |
| Mayank Tandon | Needham | Maintains | Buy | $200.00 | $200.00 |
| Leonardo Olmos | UBS | Lowers | Buy | $230.00 | $240.00 |
| Harry Read | Redburn Atlantic | Announces | Sell | $135.00 | - |
| Dan Dolev | Mizuho | Lowers | Buy | $252.00 | $279.00 |
| Ashwin Shirvaikar | Citigroup | Lowers | Buy | $215.00 | $235.00 |
| Bryan Bergin | TD Cowen | Lowers | Buy | $220.00 | $235.00 |
| Joseph Vafi | Canaccord Genuity | Lowers | Hold | $175.00 | $230.00 |
| Divya Goyal | Scotiabank | Lowers | Sector Perform | $190.00 | $200.00 |
| Moshe Katri | Wedbush | Lowers | Outperform | $200.00 | $250.00 |
| Mayank Tandon | Needham | Lowers | Buy | $200.00 | $275.00 |
| Thomas Blakey | Keybanc | Lowers | Overweight | $220.00 | $272.00 |
| Arvind Ramnani | Piper Sandler | Lowers | Overweight | $238.00 | $290.00 |
| Divya Goyal | Scotiabank | Lowers | Sector Perform | $200.00 | $230.00 |
| Tien-Tsin Huang | JP Morgan | Lowers | Overweight | $257.00 | $273.00 |
| Divya Goyal | Scotiabank | Lowers | Sector Outperform | $230.00 | $260.00 |
| Ashwin Shirvaikar | Citigroup | Lowers | Buy | $235.00 | $275.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Globant. This offers insight into analysts' perspectives on the current state of the company.
- 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.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Globant's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Globant analyst ratings.
About Globant
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.
Globant's Economic Impact: An Analysis
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Globant's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 20.88%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Globant's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.89% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Globant's ROE excels beyond industry benchmarks, reaching 2.59%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Globant's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.67%, the company showcases efficient use of assets and strong financial health.
Debt Management: Globant's debt-to-equity ratio is below the industry average. With a ratio of 0.13, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.