Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Globant (GLOB) Stock Price
News articles about Globant (NYSE:GLOB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Globant earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave press coverage about the information technology services provider an impact score of 46.7583598020764 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of research firms recently commented on GLOB. SunTrust Banks upped their price target on shares of Globant to $52.00 and gave the company a “hold” rating in a report on Wednesday, February 21st. They noted that the move was a valuation call. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $54.00 price target (up from $50.00) on shares of Globant in a report on Tuesday, February 20th. Zacks Investment Research lowered shares of Globant from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $36.00 price target (down from $42.00) on shares of Globant in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $49.57.
Globant (GLOB) opened at $52.13 on Monday. Globant has a 1-year low of $33.56 and a 1-year high of $53.47. The company has a market cap of $1,829.76, a price-to-earnings ratio of 59.92 and a beta of 0.51.
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.
Receive News & Ratings for Globant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globant and related companies with MarketBeat.com's FREE daily email newsletter.