Globant (NYSE:GLOB) Price Target Lowered to $60.00 at Needham & Company LLC

Globant (NYSE:GLOB) had its price objective decreased by Needham & Company LLC from $80.00 to $60.00 in a report released on Friday, MarketBeat.com reports. Needham & Company LLC currently has a buy rating on the information technology services provider’s stock.

Other analysts have also recently issued research reports about the stock. Guggenheim decreased their target price on shares of Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Globant in a report on Monday, December 29th. Truist Financial began coverage on Globant in a report on Tuesday, January 6th. They issued a “hold” rating and a $72.00 target price for the company. Jefferies Financial Group lowered Globant from a “buy” rating to a “hold” rating and cut their price target for the company from $80.00 to $61.00 in a research note on Thursday, November 20th. Finally, Wells Fargo & Company boosted their price target on Globant from $61.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Globant currently has a consensus rating of “Hold” and a consensus target price of $87.13.

Globant Price Performance

Shares of GLOB stock traded up $2.78 on Friday, reaching $49.65. The company had a trading volume of 3,460,561 shares, compared to its average volume of 1,763,371. The stock has a market capitalization of $2.19 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 5.13 and a beta of 1.19. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.16. Globant has a one year low of $40.76 and a one year high of $151.34. The business’s 50-day moving average is $61.31 and its 200 day moving average is $62.23.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 26th. The information technology services provider reported $1.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.54. The company had revenue of $612.47 million for the quarter, compared to analyst estimates of $605.61 million. Globant had a net margin of 4.19% and a return on equity of 9.95%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 EPS. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Equities research analysts forecast that Globant will post 5.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Globant

A number of hedge funds have recently made changes to their positions in GLOB. CWM LLC boosted its holdings in Globant by 30.1% in the second quarter. CWM LLC now owns 636 shares of the information technology services provider’s stock valued at $58,000 after acquiring an additional 147 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in shares of Globant by 2.0% in the 2nd quarter. Baker Avenue Asset Management LP now owns 8,010 shares of the information technology services provider’s stock worth $728,000 after purchasing an additional 156 shares during the period. GAMMA Investing LLC boosted its stake in shares of Globant by 34.3% in the 4th quarter. GAMMA Investing LLC now owns 712 shares of the information technology services provider’s stock valued at $47,000 after purchasing an additional 182 shares during the last quarter. Signaturefd LLC increased its position in shares of Globant by 65.1% during the fourth quarter. Signaturefd LLC now owns 482 shares of the information technology services provider’s stock worth $32,000 after buying an additional 190 shares during the period. Finally, Allworth Financial LP increased its position in shares of Globant by 214.1% during the second quarter. Allworth Financial LP now owns 289 shares of the information technology services provider’s stock worth $26,000 after buying an additional 197 shares during the period. 91.60% of the stock is currently owned by institutional investors.

More Globant News

Here are the key news stories impacting Globant this week:

• Positive Sentiment: Company issued above‑consensus guidance for FY‑2026 (EPS 6.10–6.50 vs. street ~5.67) and Q1‑2026 (EPS 1.44–1.54 vs. street ~1.33), supporting expectations for margin improvement and growth recovery. Globant Reports 2025 Fourth Quarter Financial Results
• Positive Sentiment: Firm reported record free cash flow despite a revenue decline, a sign of stronger cash generation and balance‑sheet resilience. Record Free Cash Flow Amid Revenue Decline
• Positive Sentiment: Needham trimmed its price target to $60 but kept a Buy rating — the PT implies meaningful upside (~21% from current levels), showing at least one analyst sees room for rerating if execution continues. Needham PT Lowered to $60
• Neutral Sentiment: Q4 results: EPS $1.54 (in line with estimates) and revenue $612.5M (beat ~$605.6M consensus) — mixed topline pressure but no major earnings surprise. MarketBeat Q4 Earnings Summary
• Neutral Sentiment: Earnings call transcript and analyst coverage provide more detail on client demand and margin drivers; useful for investors who want to parse guidance drivers and client dynamics. Earnings Call Transcript
• Negative Sentiment: Canaccord cut its price target to $50 and moved to a Hold, reducing near‑term analyst support and signaling caution about the recovery pace. Benzinga: Canaccord PT Cut
• Negative Sentiment: Revenue was down ~4.7% year‑over‑year and EPS fell from $1.75 a year earlier to $1.54, highlighting that demand softness is still pressuring growth — a key risk if recovery stalls. Zacks: Q4 Earnings Match Estimates

About Globant

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.