Needham & Company LLC Lowers Globant (NYSE:GLOB) Price Target to $60.00

Globant (NYSE:GLOB) had its price objective lowered by Needham & Company LLC from $80.00 to $60.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Needham & Company LLC’s target price would suggest a potential upside of 22.27% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Globant in a research report on Monday, December 29th. Jefferies Financial Group cut shares of Globant from a “buy” rating to a “hold” rating and cut their price target for the stock from $80.00 to $61.00 in a report on Thursday, November 20th. William Blair reaffirmed an “outperform” rating on shares of Globant in a report on Wednesday, December 31st. Wells Fargo & Company raised their price target on Globant from $61.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Finally, Guggenheim dropped their price objective on Globant from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Monday. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Globant currently has an average rating of “Hold” and a consensus target price of $87.13.

Globant Stock Performance

GLOB stock traded up $2.20 on Friday, hitting $49.07. The company’s stock had a trading volume of 1,923,598 shares, compared to its average volume of 1,528,488. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 4.88 and a beta of 1.19. The firm has a 50 day moving average of $61.71 and a two-hundred day moving average of $62.40. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.16. Globant has a 1 year low of $40.76 and a 1 year high of $151.34.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, February 26th. The information technology services provider reported $1.54 EPS for the quarter, meeting analysts’ consensus estimates of $1.54. Globant had a net margin of 4.01% and a return on equity of 10.39%. The business had revenue of $612.47 million during the quarter, compared to analysts’ expectations of $605.61 million. During the same period in the prior year, the company earned $1.75 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. Globant has set its Q1 2026 guidance at 1.440-1.540 EPS and its FY 2026 guidance at 6.100-6.500 EPS. Equities analysts predict that Globant will post 5.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Globant

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MidFirst Bank purchased a new position in shares of Globant during the fourth quarter valued at approximately $47,000. Virtu Financial LLC acquired a new position in Globant in the 4th quarter valued at $902,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Globant by 618,600.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 167,049 shares of the information technology services provider’s stock worth $10,920,000 after purchasing an additional 167,022 shares during the period. Invesco Ltd. grew its position in shares of Globant by 56.2% in the fourth quarter. Invesco Ltd. now owns 111,595 shares of the information technology services provider’s stock valued at $7,295,000 after purchasing an additional 40,166 shares during the period. Finally, Corient Private Wealth LLC acquired a new position in Globant in the fourth quarter valued at $5,809,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Globant News Roundup

Here are the key news stories impacting Globant this week:

• Positive Sentiment: Management raised Q1 and FY‑2026 EPS guidance above consensus (Q1: $1.440–1.540 vs. est. ~1.33; FY: $6.100–6.500 vs. est. ~5.67), which is the main catalyst for the stock move higher. Globant Reports 2025 Fourth Quarter Financial Results
• Positive Sentiment: Revenue beat Q4 estimates ($612.47M vs. ~$605.6M) while EPS matched consensus at $1.54, helping calm near‑term investor concerns about the topline. Globant (GLOB) Q4 Earnings Match Estimates
• Positive Sentiment: The company reported record free cash flow in the quarter, which improves financial flexibility and supports the credibility of the raised EPS outlook. Globant SA (GLOB) Q4 2025 Earnings Call Highlights: Record Free Cash Flow Amid Revenue Decline
• Neutral Sentiment: Earnings call transcript and slides are available for deeper read‑throughs of client trends, backlog commentary and margin drivers — useful for assessing whether guidance is sustainable. Globant S.A. (GLOB) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Revenue was down ~4.7% year‑over‑year and EPS fell from $1.75 a year ago to $1.54, signaling ongoing demand and margin pressure that could limit upside if growth doesn’t reaccelerate. Globant earnings report and materials
• Negative Sentiment: Analyst/valuation writeups note the sharp pullback in the share price and question near‑term upside absent a clear return to organic growth and margin expansion. Watch execution on the raised EPS targets. Reassessing Globant (GLOB) Valuation After Sharp Share Price Pullback

About Globant

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.