Globant S.A. (NYSE:GLOB) Receives Consensus Rating of "Moderate Buy" from Analysts

Globant S.A. (NYSE:GLOB - Get Rating) has earned an average recommendation of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $233.00. Piper Sandler reduced their target price on shares of Globant from $249.00 to $219.00 and set an "overweight" rating for the company in a report on Friday, October 21st. StockNews.com began coverage on shares of Globant in a report on Wednesday, October 12th. They set a "hold" rating on the stock. Cowen cut their price target on shares of Globant from $210.00 to $207.00 and set an "outperform" rating on the stock in a report on Friday, November 18th. Citigroup cut their price target on shares of Globant from $270.00 to $225.00 and set a "buy" rating on the stock in a report on Monday, November 21st. Finally, Cowen cut their price target on shares of Globant from $210.00 to $207.00 and set an "outperform" rating on the stock in a report on Friday, November 18th. IFP Advisors Inc increased its position in Globant by 1,068.8% during the third quarter. IFP Advisors Inc now owns 187 shares of the information technology services provider's stock worth $26,000 after buying an additional 171 shares during the period. Urban Wealth Management LLC acquired a new position in shares of Globant in the second quarter valued at approximately $29,000. First Horizon Advisors Inc. increased its holdings in shares of Globant by 852.9% in the second quarter. First Horizon Advisors Inc. now owns 324 shares of the information technology services provider's stock valued at $55,000 after purchasing an additional 290 shares during the period. Van ECK Associates Corp boosted its stake in shares of Globant by 1,729.4% in the third quarter. Van ECK Associates Corp now owns 311 shares of the information technology services provider's stock valued at $58,000 after buying an additional 294 shares in the last quarter. Finally, Castle Wealth Management LLC purchased a new stake in shares of Globant in the second quarter valued at approximately $71,000. Hedge funds and other institutional investors own 93.01% of the company's stock. The firm's 50 day moving average price is $176.50 and its 200-day moving average price is $190.57. Globant has a 1 year low of $155.01 and a 1 year high of $318.98. The stock has a market cap of $7.04 billion, a P/E ratio of 51.74 and a beta of 1.38. It offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to EMAIL. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Globant wasn't on the list.