In the latest quarter, 18 analysts provided ratings for Globant (NYSE:GLOB), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within 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 | 5 | 3 | 2 | 0 | 1 |
| 2M Ago | 1 | 2 | 1 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $217.61, along with a high estimate of $270.00 and a low estimate of $135.00. Observing a downward trend, the current average is 13.37% lower than the prior average price target of $251.19.
Diving into Analyst Ratings: An In-Depth Exploration
The standing of Globant among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| 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 |
| Phani Kanumuri | HSBC | Lowers | Buy | $270.00 | $275.00 |
| Jonathan Lee | Guggenheim | Announces | Buy | $250.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Globant. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Globant compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Globant's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Globant's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on Globant analyst ratings.
Delving into Globant's Background
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.
Understanding the Numbers: Globant's Finances
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Globant displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 20.88%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Globant's net margin is impressive, surpassing industry averages. With a net margin of 7.89%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Globant's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.59% ROE, the company effectively utilizes 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: With a below-average debt-to-equity ratio of 0.13, Globant adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Basics of Analyst Ratings
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.