On July 21, 2025, Scotiabank announced an upgrade for Globant (GLOB, Financial), elevating its rating from 'Sector Perform' to 'Sector Outperform'. The upgrade came from analyst Divya Goyal, who is known for her thorough insights into the technology sector.
Alongside the rating upgrade, Scotiabank also set a new price target for Globant (GLOB, Financial) at $115.00 USD. This marks a significant update, although there was no prior target price established. The revised target price underscores a positive outlook on the company's potential performance.
Investors are advised to take note of this latest development regarding Globant's (GLOB, Financial) market performance as rated by Scotiabank. The 'Sector Outperform' rating suggests potential for the company to exceed average market returns compared to its peers. Traders and stakeholders should consider these updates in light of their investment strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Globant SA (GLOB, Financial) is $126.17 with a high estimate of $180.00 and a low estimate of $87.00. The average target implies an upside of 49.60% from the current price of $84.34. 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 2.3, 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 $235.82, suggesting a upside of 179.61% from the current price of $84.34. 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.
