Analysts Hold Globant Stock with $98.67 Average Target and Top Cuts to $70-$75
Seventeen analysts rate Globant 'Hold' with one 'Sell', ten 'Hold' and six 'Buy' opinions and an average one-year price target of $98.67. JPMorgan trimmed its price target from $78 to $75 and Canaccord cut theirs from $80 to $70, while UBS and Weiss Ratings reaffirmed neutral and sell (d+) stances.
1. Consensus Rating Breakdown
Seventeen brokerages covering Globant S.A. deliver a consensus "Hold" rating, with one sell recommendation, ten holds and six buys. The group’s average 12-month price target stands at $98.67. This balance of views reflects caution over near-term growth while acknowledging long-term digital transformation demand.
2. Recent Analyst Actions
JPMorgan Chase & Co. trimmed its target from $78.00 to $75.00 and maintained a neutral stance on November 14. Canaccord Genuity cut its target from $80.00 to $70.00 with a hold view on the same day. UBS reaffirmed a neutral rating and $70.00 target on December 2. Weiss Ratings reiterated a sell (d+) call on December 29, while Wells Fargo upgraded to hold on October 22.
3. Q3 Earnings and Guidance
In its November 13 report, Globant posted $1.53 EPS, missing the $1.55 consensus by $0.02. Quarterly revenue reached $617.14 million, slightly above the $615.32 million forecast, up 0.4% year-over-year. Net margin was 4.01% and return on equity stood at 10.39%. For fiscal 2025, management projects full-year EPS of approximately 6.12 and Q4 EPS near 1.53.
4. Share Buyback and Institutional Activity
On October 1, Globant’s board authorized a $125 million repurchase program, permitting up to 5% of outstanding shares to be bought back. Institutional ownership is high at 91.6%. Notable activity includes Invesco increasing its position by 199.1% to 2.83 million shares, ARGA Investment expanding by 14,073.7% to 2.06 million shares, and Westfield Capital adding 280,081 shares for a 34.1% gain.