William Blair Issues Optimistic Outlook for Globant Earnings

Globant S.A. (NYSE:GLOB) – Investment analysts at William Blair boosted their Q1 2025 earnings estimates for shares of Globant in a research report issued to clients and investors on Tuesday, January 28th. William Blair analyst M. Nolan now expects that the information technology services provider will post earnings of $1.26 per share for the quarter, up from their prior estimate of $1.23. The consensus estimate for Globant’s current full-year earnings is $4.98 per share. William Blair also issued estimates for Globant’s Q2 2025 earnings at $1.33 EPS, Q3 2025 earnings at $1.45 EPS and FY2025 earnings at $5.55 EPS.

Several other research analysts have also commented on GLOB. Jefferies Financial Group raised their price target on Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Citigroup raised their target price on Globant from $240.00 to $251.00 and gave the company a “buy” rating in a report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and set a $265.00 price target on shares of Globant in a research note on Friday, January 24th. TD Cowen raised their price objective on shares of Globant from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Piper Sandler cut their target price on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $231.28.

Globant Stock Performance

NYSE:GLOB opened at $208.34 on Thursday. The stock has a market capitalization of $8.98 billion, a P/E ratio of 54.40, a PEG ratio of 2.26 and a beta of 1.38. Globant has a fifty-two week low of $151.68 and a fifty-two week high of $251.50. The company has a 50 day moving average price of $218.35 and a 200 day moving average price of $208.39.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GLOB. Quarry LP lifted its position in Globant by 529.6% in the second quarter. Quarry LP now owns 170 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 143 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Globant by 65.5% in the 3rd quarter. ORG Partners LLC now owns 192 shares of the information technology services provider’s stock valued at $38,000 after purchasing an additional 76 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Globant in the 3rd quarter valued at about $40,000. American National Bank & Trust boosted its position in shares of Globant by 430.2% in the 3rd quarter. American National Bank & Trust now owns 228 shares of the information technology services provider’s stock valued at $45,000 after purchasing an additional 185 shares during the period. Finally, Signaturefd LLC grew its stake in Globant by 46.0% during the 3rd quarter. Signaturefd LLC now owns 292 shares of the information technology services provider’s stock worth $58,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Globant

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.