TD Cowen Cuts Globant (NYSE:GLOB) Price Target to $45.00

Globant (NYSE:GLOB) had its price target cut by analysts at TD Cowen from $47.00 to $45.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. TD Cowen’s price objective points to a potential upside of 19.21% from the company’s current price.

GLOB has been the subject of a number of other research reports. William Blair downgraded shares of Globant from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. UBS Group set a $43.00 price objective on shares of Globant in a research note on Friday. Citigroup lowered their target price on shares of Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Wells Fargo & Company dropped their target price on shares of Globant from $50.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Finally, Needham & Company LLC cut their price target on shares of Globant from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday. Five research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.56.

Globant Trading Down 7.9%

GLOB traded down $3.24 during midday trading on Friday, hitting $37.75. 2,852,706 shares of the company were exchanged, compared to its average volume of 1,700,823. The firm’s 50 day moving average price is $33.81 and its 200-day moving average price is $42.37. Globant has a 1-year low of $27.56 and a 1-year high of $72.10. The firm has a market capitalization of $1.65 billion, a P/E ratio of 15.34, a P/E/G ratio of 1.46 and a beta of 1.02. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB) last issued its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a net margin of 4.46% and a return on equity of 9.87%. The company had revenue of $614.42 million during the quarter, compared to analyst estimates of $612.86 million. During the same period in the previous year, the company posted $1.53 EPS. The company’s quarterly revenue 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. As a group, equities analysts forecast that Globant will post 4.89 EPS for the current fiscal year.

Globant announced that its Board of Directors has approved a stock buyback plan on Monday, May 18th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the information technology services provider to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Globant in the second quarter worth approximately $128,713,000. Pzena Investment Management LLC bought a new stake in shares of Globant during the second quarter valued at approximately $111,700,000. Brandes Investment Partners LP increased its holdings in shares of Globant by 4.0% during the fourth quarter. Brandes Investment Partners LP now owns 2,400,732 shares of the information technology services provider’s stock valued at $156,936,000 after acquiring an additional 91,732 shares in the last quarter. Capital International Investors raised its position in shares of Globant by 10.6% during the fourth quarter. Capital International Investors now owns 2,283,802 shares of the information technology services provider’s stock worth $149,292,000 after purchasing an additional 218,570 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of Globant by 8.5% in the 4th quarter. Royal Bank of Canada now owns 1,777,710 shares of the information technology services provider’s stock worth $116,209,000 after purchasing an additional 138,596 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Globant

Here are the key news stories impacting Globant this week:

• Positive Sentiment: AI business momentum provides an upside catalyst. Globant said Glob.AI annual recurring revenue reached $52.8 million in the second quarter, up 61% sequentially, and expects it to exceed $110 million exiting 2026. The company also announced that FIFA selected Globant to operate a year-round AI fan ecosystem. Globant Reports 2026 Second Quarter Financial Results
• Positive Sentiment: Guggenheim maintained a Buy rating while lowering its price target from $55 to $50. The new target still implies substantial potential appreciation from recent levels, signaling that the firm views the selloff as excessive despite reduced estimates. Benzinga analyst coverage
• Neutral Sentiment: Goldman Sachs cut its price target from $60 to $52 and retained a Neutral rating. Although the target remains above the current share price, the reduction reflects more cautious expectations for Globant’s growth and near-term execution. The Fly analyst coverage
• Negative Sentiment: Second-quarter adjusted EPS was $1.40, below the roughly $1.49–$1.50 consensus estimate and down from $1.53 a year earlier. Revenue of $614.4 million was slightly above expectations but essentially flat year over year, suggesting limited underlying growth. Globant Q2 Earnings Lag Estimates
• Negative Sentiment: Forward guidance fell short of Wall Street expectations. Third-quarter EPS guidance of $1.43 and revenue guidance of $607 million to $615 million were below consensus estimates of $1.52 and $626.2 million. Full-year revenue guidance of $2.4 billion to $2.5 billion also failed to exceed the $2.5 billion consensus, reinforcing concerns about a slower growth rebound. Globant Stock Plunges After Full-Year Outlook Cut

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.