Globant (NYSE:GLOB) Given New $52.00 Price Target at The Goldman Sachs Group

Globant (NYSE:GLOB) had its price target lowered by The Goldman Sachs Group from $60.00 to $52.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The Goldman Sachs Group currently has a neutral rating on the information technology services provider’s stock.

GLOB has been the subject of several other research reports. Needham & Company LLC lowered their price objective on Globant from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday. Susquehanna decreased their price target on shares of Globant from $90.00 to $78.00 and set a “positive” rating for the company in a research note on Friday, May 15th. TD Cowen lowered their price target on shares of Globant from $59.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Wedbush lowered shares of Globant from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $54.00 to $37.00 in a research note on Friday. Finally, William Blair cut shares of Globant from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Globant has a consensus rating of “Hold” and an average price target of $46.38.

Globant Stock Performance

NYSE:GLOB opened at $37.35 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82. Globant has a fifty-two week low of $27.56 and a fifty-two week high of $72.10. The firm has a market cap of $1.64 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 1.55 and a beta of 1.02. The business has a 50 day moving average price of $33.79 and a 200-day moving average price of $42.34.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). Globant had a net margin of 4.63% and a return on equity of 9.25%. The business had revenue of $614.42 million for the quarter, compared to analysts’ expectations of $612.86 million. During the same quarter in the prior year, the firm earned $1.53 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. Equities research analysts predict that Globant will post 4.89 earnings per share for the current year.

Globant declared that its Board of Directors has initiated a stock repurchase program on Monday, May 18th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Globant

A number of hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in Globant by 473.3% during the 4th quarter. Allworth Financial LP now owns 493 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 407 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Globant by 561.2% in the fourth quarter. Larson Financial Group LLC now owns 681 shares of the information technology services provider’s stock worth $45,000 after purchasing an additional 578 shares during the last quarter. MidFirst Bank bought a new position in shares of Globant during the fourth quarter valued at $47,000. Essential Partners LLC purchased a new stake in shares of Globant during the first quarter valued at $55,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Globant by 872.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,274 shares of the information technology services provider’s stock valued at $59,000 after buying an additional 1,143 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Key Globant News

Here are the key news stories impacting Globant this week:

• Positive Sentiment: Globant reported second-quarter revenue of approximately $614.4 million, slightly above analysts’ expectations. The company also highlighted strong momentum in its Glob.AI business, with annual recurring revenue reaching $52.8 million, up 61% sequentially, and management expects Glob.AI ARR to exceed $110 million by year-end. Globant Reports 2026 Second Quarter Financial Results
• Positive Sentiment: Operating cash flow increased to $30.2 million, while total liabilities declined, indicating continued cash generation and a relatively solid balance sheet. TD Cowen and Guggenheim maintained “buy” ratings, with revised targets of $45 and $50, respectively. Analyst rating updates
• Neutral Sentiment: Despite the near-term pressure, several analysts’ revised targets remain above the stock’s recent trading level. JPMorgan and Goldman Sachs maintained neutral ratings with targets of $44 and $52, while Truist assigned a hold rating and a $38 target, signaling limited near-term upside in its view. What’s going on with Globant stock on Friday?
• Negative Sentiment: Second-quarter adjusted EPS was $1.40, below the $1.50 consensus estimate and down from $1.53 a year earlier. Revenue was essentially flat year over year, while gross profit declined 4.3%, reinforcing concerns about margin pressure and weak growth. Globant Q2 Earnings Lag Estimates
• Negative Sentiment: Third-quarter revenue guidance of $607 million to $615 million and EPS guidance of $1.43 were below consensus estimates of $626.2 million and $1.52. Full-year revenue guidance also trailed expectations, prompting investors to reassess Globant’s growth outlook. Globant: The Transition To AI As A Service Will Take Time
• Negative Sentiment: Goldman Sachs, Guggenheim, TD Cowen, JPMorgan and Truist all lowered their price targets, reflecting reduced confidence in the pace of recovery. The market is also concerned that converting Globant’s AI investments into significant revenue will take time. Stocks to Watch Heading Into Friday

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.