Analyst Scoreboard: 13 Ratings For Globant

Loading...
Loading...

13 analysts have expressed a variety of opinions on Globant GLOB over the past quarter, offering a diverse set of opinions from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 6 3 0 0
Last 30D 0 0 1 0 0
1M Ago 1 2 0 0 0
2M Ago 2 0 0 0 0
3M Ago 1 4 2 0 0

In the assessment of 12-month price targets, analysts unveil insights for Globant, presenting an average target of $252.15, a high estimate of $290.00, and a low estimate of $200.00. This current average has decreased by 3.58% from the previous average price target of $261.50.

Understanding Analyst Ratings: A Comprehensive Breakdown

A clear picture of Globant's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Divya Goyal Scotiabank Lowers Sector Perform $200.00 $230.00
Tien-Tsin Huang JP Morgan Lowers Overweight $257.00 $273.00
Divya Goyal Scotiabank Lowers Sector Outperform $230.00 $260.00
Ashwin Shirvaikar Citigroup Lowers Buy $235.00 $275.00
Phani Kanumuri HSBC Lowers Buy $270.00 $275.00
Jonathan Lee Guggenheim Announces Buy $250.00 -
Leonardo Olmos UBS Raises Neutral $240.00 $230.00
Dan Dolev Mizuho Lowers Buy $279.00 $283.00
Joseph Vafi Canaccord Genuity Maintains Hold $230.00 -
Moshe Katri Wedbush Maintains Outperform $250.00 -
Thomas Blakey Keybanc Raises Overweight $272.00 $266.00
Arvind Ramnani Piper Sandler Raises Overweight $290.00 $257.00
Tien-Tsin Huang JP Morgan Raises Overweight $275.00 $266.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Globant. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Globant compared to the broader market.
  • Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Globant's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Globant's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Globant analyst ratings.

Get to Know Globant Better

Globant SA is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2003 in Argentina but is currently headquartered in Luxembourg and primarily serves clients in the U.S. and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.

Financial Insights: Globant

Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.

Revenue Growth: Globant's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 18.34%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Globant's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 7.13% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Globant's ROE stands out, surpassing industry averages. With an impressive ROE of 2.42%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.62%, the company showcases effective utilization of assets.

Debt Management: Globant's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.16.

What Are Analyst Ratings?

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst RatingsBZI-AAR
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...