Globant (NYSE:GLOB) Stock, Quote.Headers.trade-ideas

Globant

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.

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Globant SA

GLOBAL BALANCE FUND UCITS ETF ACC

GLOBAL BRANDS GROUP NEW by Global Brands Group Holding Ltd.

GLOBAL CONNECTION PCL by GLOBAL CONNECTION PUBLIC CO LTD.

GLOBAL DEFENSE & NATL SEC SYS INC COM

GLOBAL EARNINGS CAPITAL LTD.

GLOBAL GAS CORP DEL COM

GLOBAL HUNTER CORP NEW by Global Hunter Corp.

GLOBAL IT HLDGS INC by Global IT Holdings, Inc.

GLOBAL MATERIALS&SVCS INC by Global Materials & Services, Inc.

GLOBAL NET LEASE ORD

GLOBAL PARTNER ACQUISITION CORP II UNIT 1 ORD SHSS CL A & 1/3 WT EXP

GLOBAL PAYMENTS ORD

GLOBAL SWEETENERS HLDGS by Global Sweeteners Holdings Ltd.

GLOBAL TECHS GROUP INC by Global Technologies Group, Inc.

GLOBAL X 0 TO 3 MNT US TB CL A ETF

GLOBAL X 1-3 MONTH T-BILL USD AC ETF

GLOBAL X AUTONOMOUS ETF

GLOBAL X BIG DATA HRD IDX CL A ETF

GLOBAL X BLOCKCHAIN UCITS ETF

GLOBAL X CASH MAXIMIZER CORP CL ETF

GLOBAL X CHINA BIOTECH UCITS ETF

GLOBAL X CHINA CLEAN ENERGY ETF

GLOBAL X CHINA CLOUD COMPUTING ETF

GLOBAL X CLEAN WATER ETF

GLOBAL X CLEANTECH UCITS ETF

GLOBAL X CLOUD COMPUTING UCITS ETF

GLOBAL X COPPER MINERS UCITS ETF

GLOBAL X CYBERSECURITY ETF

GLOBAL X DATA CENTER REITS ETF

GLOBAL X E COMMERCE UCITS ETF

GLOBAL X ETFS ICAV ETF

GLOBAL X FINTECH UCITS ETF

GLOBAL X FUNDS SOCIAL MEDIA ETF

GLOBAL X GENOMICS BIOTECHNOLOGY ETF

GLOBAL X GOLD EXPLORERS ETF

GLOBAL X HYDROGEN UCITS ETF

GLOBAL X INTERNET OF THINGS ETF

GLOBAL X INTL DVD MKT EQT CL ETF

GLOBAL X LITHIUM BATTERY ETF

GLOBAL X LITHIUM BATTERY TECH ETF

GLOBAL X LNG TRM US TRSY CL A ETF

GLOBAL X MARI LIFE SCIEN CL A ETF

GLOBAL X MID TRM US TRSY CL A ETF

GLOBAL X MSCI ARGENTINA ETF

GLOBAL X MSCI EAFE INDEX UNT ETF

GLOBAL X MSCI EMERGING MKT INX ETF

GLOBAL X MSCI GREECE ETF

GLOBAL X NAS 100 IDX CORP CL ETF

GLOBAL X NASDAQ 100 COV CALL ETF

GLOBAL X NASDAQ 100 COVERED CALL ETF

GLOBAL X NASDAQ 100 INDEX CL A ETF

GLOBAL X ROBOTICS AI IDX CL A ETF

GLOBAL X ROBOTICS ARTFCL INTLGNC ETF

GLOBAL X S&P 500 INDEX CL A ETF

GLOBAL X SEMI IDX CL A ETF USD

GLOBAL X SH TR US TRS PRE CL A ETF

Globant Acquires Blankfactor, Financial Details Not Disclosed

Jefferies analyst Surinder Thind maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Buy and raises the price target from $235 to $240.

Jefferies Maintains Buy on Globant, Raises Price Target to $240

Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) underwent analysis by 15 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Globant, presenting an average target of $222.07, a high estimate of $245.00, and a low estimate of $200.00. Witnessing a positive shift, the current average has risen by 4.41% from the previous average price target of $212.69.
<img src="https://www.benzinga.com/files/images/story/2024/1725656454_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Globant among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$237.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Bryan Keane</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$210.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Vafi</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Hold</td>
<td>$205.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Divya Goyal</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$210.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Leonardo Olmos</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Bryan Bergin</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$230.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$226.00</td>
<td>$218.00</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$235.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$245.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$238.00</td>
</tr>
<tr>
<td>Divya Goyal</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$200.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$238.00</td>
<td>$238.00</td>
</tr>
<tr>
<td>Ashwin Shirvaikar</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$220.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$200.00</td>
<td>-</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>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.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Globant compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Globant's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Globant's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GLOB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Globant analyst ratings.</a>
<h2>All You Need to Know About Globant</h2>
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.
<h3>Globant's Financial Performance</h3>
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 remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 18.08%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Globant's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.58% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Globant's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.19%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Globant's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.46% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Globant's debt-to-equity ratio is below the industry average. With a ratio of 0.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Globant Through 15 Analysts

JP Morgan analyst Tien-Tsin Huang maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Overweight and raises the price target from $226 to $237.

JP Morgan Maintains Overweight on Globant, Raises Price Target to $237

Endava Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAVA#NYSE">DAVA</a>) is gaining momentum in the IT services sector, with JPMorgan analyst Tien-tsin Huang highlighting it as a &#8220;top pick&#8221; with &#8220;highest upside in digital IT&#8221; for the <a href="https://www.benzinga.com/quote/DAVA/news">second half of 2024</a>.
Endava, founded in 2006 in the U.K., is an IT services company specializing in digital transformation through custom software development. It primarily serves clients in payments, financial services, technology, media and telecom, with most of its revenue coming from the U.K. and Europe.
Endava stock commands a market capitalization of $1.76 billion on the U.S. stock market, making it a small-cap stock positioned for near-term growth.
With low market expectations and an attractive valuation, Endava offers a promising risk/reward profile ahead of its FY25 guidance, expected on Sept. 19.
JPMorgan maintains an Overweight rating on Endava stock, setting a price target of $47, implying over 54% upside from current price levels.
<h1 class="wp-block-heading">JPMorgan Bullish On Endava&#8217;s Scope In Digital Transformation</h1>
JPMorgan is bullish on Endava&#8217;s growth prospects, driven by the increasing digital transformation needs of legacy enterprises. As more industries undergo significant technological disruption, Endava is well-positioned to capitalize on this trend, particularly in fast-growing verticals like payments, banking and telecoms.
Endava's core strength lies in its ability to support digital transformation efforts across these sectors, which have seen rapid growth and change. Huang expects Endava to deliver mid- to long-term organic revenue growth, aligning with the broader high-growth areas of the technology marketplace.
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<h1 class="wp-block-heading">Valuation Indicates Near-Term Upside Potential</h1>
&#8220;We see the highest upside in digital IT at DAVA as it trades at the low end of peers' 19-29x NTM multiple range, offering near-term potential upside,&#8221; said Huang. 
JPMorgan projects the company will achieve more than 20% top-line growth, comparable to similar players like EPAM Systems Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) and Globant SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>).
Despite concerns about macroeconomic sensitivity in its core verticals and potential margin pressure, JPMorgan believes Endava can overcome these hurdles, especially as digital transformation remains a priority for businesses worldwide. The firm&#8217;s exposure to high-growth sectors and its ability to capture market share from competitors make it a solid investment choice in the evolving IT landscape.
As Endava heads into its next earnings report, investors will be watching closely for updates on its FY25 guidance, which could further solidify its position as a long-term winner in the digital IT services space.
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Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you're a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. 
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Photo: Pitor Swat via Shutterstock

This Small Cap 'Top Pick' Is Positioned For Strong Gains, JPMorgan Sees Over 50% Upside

Deutsche Bank analyst Bryan Keane initiates coverage on Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Hold rating and announces Price Target of $210.

Initiation

Deutsche Bank Initiates Coverage On Globant with Hold Rating, Announces Price Target of $210

Canaccord Genuity analyst Joseph Vafi maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Hold and raises the price target from $175 to $205.

Canaccord Genuity Maintains Hold on Globant, Raises Price Target to $205

Scotiabank analyst Divya Goyal maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Sector Perform and raises the price target from $200 to $210.

Scotiabank Maintains Sector Perform on Globant, Raises Price Target to $210

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62baf9e968c06900019b5527/leonardo-olmos">UBS analyst Leonardo Olmos</a> downgraded the rating for Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) from Buy to Neutral, while raised the price target from $225 to $235. Globant shares fell 1.1% to close at $201.98 on Monday. <a href="https://www.benzinga.com/quote/glob/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup analyst Thomas Singlehurst downgraded Stride, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) from Buy to Neutral, but increased the price target from $77 to $90. Stride shares gained 1.5% to close at $83.77 on Monday. <a href="https://www.benzinga.com/quote/LRN/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f777c10bd99100018a435e/tien-tsin-huang">JP Morgan analyst Tien-Tsin Huang </a>downgraded the rating for AvidXchange Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDX#NASDAQ">AVDX</a>) from Overweight to Neutral and lowered the price target from $11 to $9. AvidXchange shares gained 1.4% to close at $8.24 on Monday. <a href="https://www.benzinga.com/quote/AVDX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities analyst Nicholas Jones downgraded PropertyGuru Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRU#NYSE">PGRU</a>) from Market Outperform to Market Perform. PropertyGuru shares settled at $6.55 on Monday. <a href="https://www.benzinga.com/quote/PGRU/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5b854cf4211e200001c73eee/robert-wasserman">Benchmark analyst Robert Wasserman</a> downgraded the rating for AbCellera Biologics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABCL#NASDAQ">ABCL</a>) from Buy to Hold. AbCellera Biologics shares gained 3.8% to close at $2.71 on Monday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/ABCL/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying GLOB stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="561" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20085320/image-170-1024x561.png" alt="" class="wp-image-503648" style="width:540px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20085320/image-170-1024x561.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20085320/image-170-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20085320/image-170-768x421.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20085320/image-170.png 1223w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Rosenblatt raised the price target for Fabrinet  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) from $260 to $280. Rosenblatt analyst Mike Genovese maintained a Buy rating. Fabrinet shares gained 0.2% to close at $231.55 on Monday.<a href="https://www.benzinga.com/quote/FN/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group cut the price target for The Estée Lauder Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) from $115 to $105. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating. Estée Lauder shares fell 2.2% to close at $92.85 on Monday. <a href="https://www.benzinga.com/quote/EL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) price target from $24 to $23. B of A Securities analyst Greg Harrison maintained a Buy rating. Liquidia shares dipped 30.6% to close at $9.79 on Monday. <a href="https://www.benzinga.com/quote/LQDA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc boosted the price target for Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from $380 to $400. Keybanc analyst Eric Heath maintained an Overweight rating. Palo Alto shares gained 2.8% to close at $343.36 on Monday. <a href="https://www.benzinga.com/quote/PANW/analyst-ratings">See </a><a href="https://www.benzinga.com/quote/PANQ/analyst-ratings">how other analysts view this stock.</a></li>
<li>Baird slashed Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) price target from $200 to $165. Baird analyst William Power maintained an Outperform rating. Snowflake shares gained 2.6% to close at $131.42 on Monday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies raised ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) price target from $22 to $25. Jefferies analyst Omar Nokta maintained a Buy rating. ZIM Integrated Shipping shares gained 16.7% to close at $22.25 on Monday. <a href="https://www.benzinga.com/quote/ZIM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS increased the price target for Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) from $225 to $235. UBS analyst Leonardo Olmos downgraded the stock from Buy to Neutral. Globant shares fell 1.1% to close at $201.98 on Monday. <a href="https://www.benzinga.com/quote/GLOB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup boosted Stride, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) price target from $77 to $90. Citigroup analyst Thomas Singlehurst downgraded the stock from Buy to Neutral. Stride shares gained 1.5% to close at $83.77 on Monday. <a href="https://www.benzinga.com/quote/LRN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein boosted BioMarin Pharmaceutical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) price target from $94 to $110. Bernstein analyst William Pickering upgraded the stock from Market Perform to Outperform. BioMarin Pharmaceutical shares gained 3.6% to close at $92.76 on Monday. <a href="https://www.benzinga.com/quote/BMRN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel raised Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) price target from $141 to $151. Stifel analyst Simon Yarmak maintained a Hold rating. Hyatt shares gained 2.5% to close at $146.67 on Monday. <a href="https://www.benzinga.com/quote/H/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying Robinhood stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="595" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20075209/image-164-1024x595.png" alt="" class="wp-image-503387" style="width:683px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20075209/image-164-1024x595.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20075209/image-164-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20075209/image-164-768x446.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/20075209/image-164.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

UBS analyst Leonardo Olmos downgrades Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) from Buy to Neutral and raises the price target from $225 to $235.

UBS Downgrades Globant to Neutral, Raises Price Target to $235

WIIM

Globant shares are trading higher after the company reported better-than-expected Q2 financial results. Also, multiple firms raised their respective price targets on the stock.

Wall Street edged slightly higher on Friday, with major equity indices showing modest gains <a href="https://www.benzinga.com/markets">at midday in New York.</a>
Both the S&amp;P 500 and Nasdaq 100 are on track to record their best week since October 2023, driven by stronger-than-expected economic data that eased earlier concerns of a recession. If they close in the green, they will secure the seventh straight positive session. 
On Friday, the University of Michigan&#8217;s Consumer Sentiment Index for August exceeded expectations, adding to a series of positive data, including lower-than-anticipated jobless claims and strong retail sales growth reported the day before.
Gold was the standout performer, climbing 1.5% to reach a record high of $2,500 per ounce, as traders positioned themselves in anticipation of imminent Federal Reserve rate cuts.
This surge in gold prices boosted gold mining stocks, with the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) advancing over 2%.
Oil prices, however, dipped 1.6% amid reduced geopolitical tensions as Gaza ceasefire negotiations resumed in Doha, Qatar. In a joint statement, the United States, Qatar, and Egypt announced that Washington had presented a new proposal that has the potential to rapidly close gaps and lead to a swift agreement.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 1.6%, reaching $58,368.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,142.44</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,552.80</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,619.51</td>
<td>0.1%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,507.26</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.1% higher to $553.81.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;also rose 0.1% to $406.32.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.2% up to $475.31.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) ticked 0.2% higher to $212.42.</li>
<li>The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>), The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), and The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up by 0.5%. The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down by 0.5%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>H&amp;R Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>) rallied 15% following stronger-than-expected results last quarter.</li>
<li>Other stocks moving on earnings were Amcor plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>), down 5%, Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), down 1.5%, Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), up 8%, Flower Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLO#NYSE">FLO</a>), down 0.3%, and Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>), up 4.9%. </li>
<li>Repligen Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) dropped 13% after making an acquisition offer to Maravai LifeSciences Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVI#NASDAQ">MRVI</a>), a company specializing in vaccine capping reagents with a market value of $2.2 billion. Following the offer, Maravai&#8217;s shares surged by 23%.</li>
</ul>
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Image created using artificial intelligence via Midjourney.

Equities

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

ETFs

$BTC

AMAT

AMCR

COHR

SPDR Dow Jones Industrial Average ETF Trust

Market Vectors ETF Trust Market Vectors Gold Miners

MRVI

RGEN

XLRE

Select Sector SPDR-Consumer Discretionary

Wall Street Gains Ground As Consumer Sentiment Improves; Gold Hits Record Highs, Boosting Mining Stocks: What's Driving Markets Friday?

TD Cowen analyst Bryan Bergin maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Buy and raises the price target from $220 to $230.

TD Cowen Maintains Buy on Globant, Raises Price Target to $230

Ratings for Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) were provided by 12 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $218.42, a high estimate of $252.00, and a low estimate of $135.00. Highlighting a 2.4% decrease, the current average has fallen from the previous average price target of $223.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1723827633_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Globant by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tien-Tsin Huang</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$226.00</td>
<td>$218.00</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$235.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$245.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$240.00</td>
<td>$238.00</td>
</tr>
<tr>
<td>Divya Goyal</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$200.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Arvind Ramnani</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$238.00</td>
<td>$238.00</td>
</tr>
<tr>
<td>Ashwin Shirvaikar</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$220.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$200.00</td>
<td>-</td>
</tr>
<tr>
<td>Mayank Tandon</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Leonardo Olmos</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$230.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Harry Read</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Sell</td>
<td>$135.00</td>
<td>-</td>
</tr>
<tr>
<td>Dan Dolev</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$252.00</td>
<td>$279.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Globant. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Globant compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Globant's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Globant's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GLOB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Globant analyst ratings.</a>
<h2>All You Need to Know About Globant</h2>
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.
<h3>Understanding the Numbers: Globant's Finances</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Globant's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 20.88% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Globant's net margin is impressive, surpassing industry averages. With a net margin of 7.89%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.59%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Globant's ROA stands out, surpassing industry averages. With an impressive ROA of 1.67%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Globant's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.13.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 12 Takes On Globant

JP Morgan analyst Tien-Tsin Huang maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Overweight and raises the price target from $218 to $226.

JP Morgan Maintains Overweight on Globant, Raises Price Target to $226

Keybanc analyst Thomas Blakey maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Overweight and raises the price target from $220 to $235.

Keybanc Maintains Overweight on Globant, Raises Price Target to $235

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Piper Sandler raised the price target for Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) from $238 to $240. Piper Sandler analyst Arvind Ramnani reiterated an Overweight rating. Globant shares gained 1.7% to close at $194.37 on Thursday. <a href="https://www.benzinga.com/quote/GLOB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Daiwa Capital increased the price target for Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>) from $120 to $154. Daiwa Capital analyst Narumi Nakagiri upgraded the stock from Neutral to Buy. Illumina shares gained 5.3% to close at $128.80 on Thursday.<a href="https://www.benzinga.com/quote/ILMN/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Piper Sandler boosted Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) price target from $90 to $100. Piper Sandler analyst Harsh Kumar upgraded the stock from Neutral to Overweight. Microchip shares rose 4.1% to close at $81.30 on Thursday. <a href="https://www.benzinga.com/quote/MCHP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut the price target for The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) from $71 to $70. Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight rating. Charles Schwab shares fell 0.2% to close at $65.23 on Thursday. <a href="https://www.benzinga.com/quote/CHW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group boosted Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) price target from $75 to $82. Telsey Advisory Group analyst Joe Feldman maintained an Outperform rating. Walmart shares gained 6.6% to close at $73.18 on Thursday. <a href="https://www.benzinga.com/quote/WMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased Amcor plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMCR#NYSE">AMCR</a>) price target from $10 to $11. Baird analyst Ghansham Panjabi maintained a Neutral rating. Amcor shares gained 1.8% to close at $10.85 on Thursday. <a href="https://www.benzinga.com/quote/AMCR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) from $85 to $88. Baird analyst Colin Sebastian maintained an Outperform rating. Alibaba shares rose 0.1% to close at $79.54 on Thursday. <a href="https://www.benzinga.com/quote/BABA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) price target from $400 to $410. B of A Securities analyst Ross Gilardi maintained a Neutral rating. Deere shares gained 6.3% to close at $373.26 on Thursday.<a href="https://www.benzinga.com/quote/DE/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Wells Fargo boosted Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) price target from $29 to $46. Wells Fargo analyst Steven Cahall upgraded the stock from Underweight to Overweight. Fox shares fell 0.2% to close at $38.99 on Thursday.<a href="https://www.benzinga.com/quote/FOXA/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Benchmark cut JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) price target from $55 to $47. Benchmark analyst Fawne Jiang maintained a Buy rating. JD.com shares gained 4.3% to close at $27.00 on Thursday. <a href="https://www.benzinga.com/quote/JD/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying BABA stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46-1024x569.png" alt="" class="wp-image-498708" style="width:570px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/16074215/image-1-46.png 1235w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

BABA

FOXA

ILMN

MCHP

SCHW

Alibaba To Rally Around 11%? Here Are 10 Top Analyst Forecasts For Friday

Needham analyst Mayank Tandon maintains Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Buy and raises the price target from $200 to $245.

Needham Maintains Buy on Globant, Raises Price Target to $245

Piper Sandler analyst Arvind Ramnani reiterates Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) with a Overweight and raises the price target from $238 to $240.

Reiteration

Piper Sandler Reiterates Overweight on Globant, Raises Price Target to $240

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In a report released today, Bryan Bergin from TD Cowen maintained a Buy rating on Globant SA (GLOB – Research Report), with a price target of $230....

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