Globant’s (GLOB) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.
Globant (NYSE:GLOB)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research report issued on Tuesday. They currently have a $54.00 target price on the information technology services provider’s stock, up from their previous target price of $50.00. JPMorgan Chase & Co.’s price objective points to a potential upside of 4.59% from the company’s current price.
A number of other research firms have also recently issued reports on GLOB. Zacks Investment Research raised shares of Globant from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $36.00 price target (down previously from $42.00) on shares of Globant in a report on Friday, November 17th. KeyCorp reaffirmed a “hold” rating on shares of Globant in a report on Friday, November 3rd. Finally, BidaskClub cut shares of Globant from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.17.
Globant (NYSE GLOB) opened at $51.63 on Tuesday. The stock has a market cap of $1,820.00, a price-to-earnings ratio of 59.34 and a beta of 0.69. Globant has a fifty-two week low of $33.56 and a fifty-two week high of $53.47.
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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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