On May 16, 2025, Needham analyst Mayank Tandon announced an update on Globant (GLOB, Financial), maintaining the current rating of 'Buy' while lowering the price target. The price target has been adjusted downwards from $130.00 to $115.00.
The revision represents an 11.54% decrease in the price target for Globant (GLOB, Financial), reflecting current market conditions and analyst expectations. Despite the target cut, the 'Buy' rating suggests confidence in the company's long-term growth potential.
This update maintains Globant (GLOB, Financial) as a stock to watch for investors seeking opportunities in the tech sector. The lowered price target indicates adjustments in valuation metrics and future earnings forecasts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Globant SA (GLOB, Financial) is $166.61 with a high estimate of $256.00 and a low estimate of $114.00. The average target implies an upside of 25.42% from the current price of $132.84. More detailed estimate data can be found on the Globant SA (GLOB) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Globant SA's (GLOB, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Globant SA (GLOB, Financial) in one year is $260.21, suggesting a upside of 95.88% from the current price of $132.84. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Globant SA (GLOB) Summary page.
