Globant (NYSE:GLOB)‘s stock had its “neutral” rating reaffirmed by equities researchers at Cantor Fitzgerald in a note issued to investors on Friday, November 17th. They currently have a $36.00 price objective on the information technology services provider’s stock, down from their previous price objective of $42.00. Cantor Fitzgerald’s price target indicates a potential downside of 8.42% from the stock’s current price.
A number of other research firms also recently commented on GLOB. Zacks Investment Research upgraded shares of Globant from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. KeyCorp reiterated a “hold” rating on shares of Globant in a report on Thursday, September 28th. SunTrust Banks reissued a “hold” rating on shares of Globant in a research report on Sunday, October 22nd. Wedbush reissued an “outperform” rating and issued a $48.00 target price on shares of Globant in a research report on Saturday, October 14th. Finally, BidaskClub raised shares of Globant from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $44.83.
Shares of Globant (GLOB) opened at $39.31 on Friday. Globant has a fifty-two week low of $30.90 and a fifty-two week high of $47.51. The company has a market cap of $1,379.78, a P/E ratio of 45.71 and a beta of 0.83.
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Globant Company Profile
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
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