Diversified Trust Acquires $634K Stake as Brokers Set $98.67 Target on Globant
Seventeen brokerages rate Globant, including one sell, ten hold and six buy, setting a $98.67 average one-year price target after recent cuts to $75 by JPMorgan and $70 by Canaccord and UBS. Diversified Trust Co. acquired 11,049 shares valued at $634,000 in Q3, joining other institutions increasing their stakes.
1. Consensus Rating and Analyst Distribution
Seventeen research firms currently cover Globant S.A., assigning an average consensus rating of Hold. Of these, six firms have issued Buy recommendations, ten have rated the stock as Hold and one has issued a Sell recommendation. The average one-year price target across all brokerages stands at 98.67, reflecting a broad range of expectations for the company’s performance over the next 12 months.
2. Recent Target Price Revisions
Several major brokerages have adjusted their outlooks in recent weeks. JPMorgan Chase & Co. lowered its one-year target from 78.00 to 75.00 while maintaining a Neutral stance. Canaccord Genuity Group reduced its projection from 80.00 to 70.00 and upheld a Hold rating. UBS Group reaffirmed a Neutral recommendation with an unchanged target of 70.00. Weiss Ratings reiterated a Sell (D+) rating and Wells Fargo upgraded to Hold, reflecting mixed sentiment among leading research teams.
3. Third Quarter Results and Guidance
In its latest quarter, Globant reported earnings per share of 1.53, missing the consensus estimate by 0.02, on revenues of 617.14 million versus expectations of 615.32 million. The company’s net margin stood at 4.01% and return on equity at 10.39%, with revenue up 0.4% year-over-year. In parallel, management set full-year 2025 EPS guidance at 6.12 and fourth-quarter EPS guidance at 1.53. Analysts currently forecast annual EPS of 5.73 for the ongoing fiscal year.
4. Institutional Ownership and Share Repurchase Program
Globant’s board has authorized repurchases of up to 125 million in shares, representing approximately 5% of outstanding stock, signaling confidence in the company’s valuation. Institutional investors hold 91.6% of the float. Key shareholders boosted positions in the most recent quarter: Invesco Ltd. increased its stake by 199.1% to 2,827,155 shares (valued at 256.8 million), ARGA Investment Management LP by 14,073.7% to 2,057,594 shares (118.1 million), Westfield Capital Management Co. LP by 34.1% to 1,100,526 shares (100.0 million), Schroder Investment Management Group by 20.1% to 1,006,175 shares (91.4 million) and AllianceBernstein L.P. by 6,875.8% to 929,245 shares (84.4 million).