Dernières nouvelles pour Globant (NYSE:GLOB) Stock

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.

Globant SA

GLOBAL BALANCE FUND UCITS ETF ACC

GLOBAL BLOOD THERAPEUTICS ORD

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 POLE TRSION GP by Global Pole Trusion Group Corp.

GLOBAL STRATEGIC GRUP NEW by Global Strategic Group Ltd

GLOBAL SWEETENERS HLDGS by Global Sweeteners Holdings Ltd.

GLOBAL TECHS GROUP INC by Global Technologies Group, Inc.

GLOBAL WHOLEHEALTH PTNRS by Global Wholehealth Partners Corporation

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 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 - GLOBAL X FINTECH ETF ETF ETF ON  GLOBAL X FUNDS - GLOBAL X FINTECH ETF 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

2024 Fourth Quarter and Full Year Outlook
Based on current market conditions, Globant is providing the following estimates for the fourth quarter and the full year of 2024:
<ul>
<li>Fourth quarter 2024 Revenues are estimated to be in the range of $642.0 million to $648.0 million, or 10.6% to 11.6% year-over-year growth.</li>
<li>Fourth quarter 2024 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15.0% to 16.0%.</li>
<li>Fourth quarter 2024 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $1.71 to $1.75 (assuming an average of 44.7 million diluted shares outstanding during the fourth quarter).</li>
<li>Fiscal year 2024 Revenues are estimated to be in the range of $2,415.0 million to $2,421.0 million, implying a 15.2% to 15.5% year-over-year revenue growth.</li>
<li>Fiscal year 2024 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15.0% to 15.5%.</li>
<li>Fiscal year 2024 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $6.37 to $6.43 (assuming an average of 44.5 million diluted shares outstanding during 2024).</li>
</ul>

News

Guidance

GLOB

Globant S.A. Sees Q4 Adj. EPS $1.71-$1.75 Vs $1.74 Est.; Revenue $642M-$648M Vs $643M Est.; FY24 EPS $6.37-$6.43 Vs $6.40 Est.; Revenue $2.415B-$2.421B Vs $2.42B Est.

Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) reported quarterly earnings of $1.63 per share which met the analyst consensus estimate. This is a 10.14 percent increase over earnings of $1.48 per share from the same period last year. The company reported quarterly sales of $614.67 million which missed the analyst consensus estimate of $614.82 million by 0.02 percent. This is a 12.72 percent increase over sales of $545.28 million the same period last year.

Earnings

Earnings Misses

Globant Q3 Adj $1.63, Inline, Sales $614.67M Miss $614.82M Estimate

Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell&#8216;s speech in <a href="https://www.benzinga.com/topic/jerome-powell">Dallas at 3 p.m. ET. </a>
Inflation data from the past two days provided mixed signals: consumer prices met expectations, while producer prices slightly exceeded forecasts, with both indicators showing a year-over-year uptick in October.
Despite this inflation data, markets remain confident the Fed will continue easing, pricing in an 80% likelihood of a December rate cut.
Wall Street&#8217;s major indices were in the red by midday, with the S&amp;P 500 down 0.3% and small-cap stocks lagging behind large-caps.
The U.S. dollar index ticked up 0.1%, even as Treasury yields declined. Bonds outperformed equities, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) climbing 1.2%.
Gold edged 0.2% lower, while oil rose 0.2%. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw its rally stall, dropping 1.8%.
<h3 class="wp-block-heading">Thursday&#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>Chg % (1 day)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,884.60</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,986.66</td>
<td>-0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,969.78</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,345.60</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:55 p.m. ET </figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;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>) fell 0.3% to $595.18.</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;eased 0.2% to $438.76.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.4% to $510.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 1% to $232.71.</li>
<li>The&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, rising 0.2%. The&nbsp;Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose 7% after reporting better-than-expected quarterly results. </li>
</ul>
Other stocks reacting to earnings reports included: 
<ul>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), down over 2%, </li>
<li>Brookfield Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>), up 0.9%, </li>
<li>Talen Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>), up 0.9%, </li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), down 7.5%, </li>
<li>Tetra Tech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), down over 10%, </li>
<li>StandardAero Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SARO#NYSE">SARO</a>), down 5.5%. </li>
</ul>
Companies slated to report their earnings after Thursday&#8217;s close include Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>), AST SpaceMobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), Post Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>). 
Read now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41979935/golden-years-for-ma-deals-ahead-under-trump-analysts-highlight-top-10-large-cap-candidates">Golden Years For M&amp;A Deals Ahead Under Trump? Analysts Highlight Top 10 Large-Cap Candidates</a></li>
</ul>
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Earnings Scheduled For November 14, 2024

Globant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-11-14. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Globant will report an earnings per share (EPS) of $1.62.
The market awaits Globant's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Historical Earnings Performance</h3>
The company's EPS beat by $0.01 in the last quarter, leading to a 5.08% increase in the share price on the following day.
Here's a look at Globant's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.50</td>
<td>1.53</td>
<td>1.61</td>
<td>1.48</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.51</td>
<td>1.53</td>
<td>1.62</td>
<td>1.48</td>
</tr>
<tr>
<td>Price Change %</td>
<td>5.0%</td>
<td>-6.0%</td>
<td>-6.0%</td>
<td>12.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731506479_0.png" alt="eps graph" />
<h3>Market Performance of Globant's Stock</h3>
Shares of Globant were trading at $235.22 as of November 12. Over the last 52-week period, shares are up 28.47%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analysts' Take on Globant</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Globant.
Analysts have provided Globant with 13 ratings, resulting in a consensus rating of Outperform. The average one-year price target stands at $231.69, suggesting a potential 1.5% downside.
<h3>Peer Ratings Comparison</h3>
The below comparison of the analyst ratings and average 1-year price targets of EPAM Sys, ASGN and DXC Technology, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Outperform trajectory for EPAM Sys, with an average 1-year price target of $247.82, implying a potential 5.36% upside.</li>
<li>For ASGN, analysts project an Neutral trajectory, with an average 1-year price target of $99.67, indicating a potential 57.63% downside.</li>
<li>Analysts currently favor an Neutral trajectory for DXC Technology, with an average 1-year price target of $23.33, suggesting a potential 90.08% downside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
In the peer analysis summary, key metrics for EPAM Sys, ASGN and DXC Technology are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Globant</td>
<td>Outperform</td>
<td>18.08%</td>
<td>$209.55M</td>
<td>2.19%</td>
</tr>
<tr>
<td>EPAM Sys</td>
<td>Outperform</td>
<td>1.34%</td>
<td>$403.54M</td>
<td>3.92%</td>
</tr>
<tr>
<td>ASGN</td>
<td>Neutral</td>
<td>-7.68%</td>
<td>$300.40M</td>
<td>2.65%</td>
</tr>
<tr>
<td>DXC Technology</td>
<td>Neutral</td>
<td>-5.68%</td>
<td>$814M</td>
<td>1.44%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Globant ranks first in revenue growth among its peers. It also leads in gross profit margin. However, it has the lowest return on equity.
<h3>Unveiling the Story Behind Globant</h3>
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>Financial Milestones: Globant's Journey</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. 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 18.08% as of 30 June, 2024, showcasing a substantial increase in 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 6.58%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.19%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.46%, 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 0.14.
<a href="https://www.benzinga.com/quote/GLOB/earnings">To track all earnings releases for Globant visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Globant

Qiddiya Investment Company, Globant Enter New Partnership To Create A State-of-the-art Digital Ecosystem For Qiddiya City

Globant's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>) short percent of float has fallen 3.52% since its last report. The company recently reported that it has 2.31 million shares sold short, which is 5.48% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.64 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Globant Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730385924_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Globant has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Globant's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Globant's peer group average for short interest as a percentage of float is 3.21%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

(GLOB) - Analyzing Globant's Short Interest

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 $237 to $248.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on Globant, Raises Price Target to $248

Exusia also holds a&nbsp;portfolio of partnerships with Microsoft Azure, AWS, Databricks, Snowflake, Ab Initio, and Google Cloud.
Founded by&nbsp;Trevor Silver&nbsp;in 2012, Exusia provides services to leading companies in the healthcare, logistics, financial services and consumer products verticals, consolidating&nbsp;80%+ of its revenues in the U.S. while also developing businesses in&nbsp;South Africa&nbsp;and&nbsp;India.
Exusia employs 400 professionals, distributed between its talent delivery hubs in&nbsp;India, the U.S. and&nbsp;South Africa.&nbsp;Trevor Silver, his management team, and all of Exusia&#39;s team members will remain with Globant.

Globant Says It Recently Acquired US-based IT Services Consulting Firm Exusia; No Terms Disclosed

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

Long Ideas

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Global

Tech

DAVA

EPAM

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>
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Downgrades

Intraday Update

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This Globant Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

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>
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<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>
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Pre-Market Outlook

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