GLOB

UBS Upgrades Globant (GLOB)

Fintel reports that on May 28, 2024, UBS upgraded their outlook for Globant (NYSE:GLOB) from Neutral to Buy.

Analyst Price Forecast Suggests 36.30% Upside

As of May 22, 2024, the average one-year price target for Globant is 226.92. The forecasts range from a low of 176.75 to a high of $273.00. The average price target represents an increase of 36.30% from its latest reported closing price of 166.49.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Globant is 2,733MM, an increase of 24.53%. The projected annual non-GAAP EPS is 7.54.

What is the Fund Sentiment?

There are 818 funds or institutions reporting positions in Globant. This is an increase of 41 owner(s) or 5.28% in the last quarter. Average portfolio weight of all funds dedicated to GLOB is 0.48%, an increase of 12.86%. Total shares owned by institutions decreased in the last three months by 2.58% to 48,850K shares. GLOB / Globant S.A. Put/Call Ratios The put/call ratio of GLOB is 1.43, indicating a bearish outlook.

What are Other Shareholders Doing?

GLOB / Globant S.A. Shares Held by Institutions

Price T Rowe Associates holds 3,726K shares representing 8.64% ownership of the company. In its prior filing, the firm reported owning 3,952K shares , representing a decrease of 6.05%. The firm decreased its portfolio allocation in GLOB by 63.73% over the last quarter.

Wasatch Advisors holds 3,337K shares representing 7.73% ownership of the company. In its prior filing, the firm reported owning 3,124K shares , representing an increase of 6.38%. The firm decreased its portfolio allocation in GLOB by 13.96% over the last quarter.

PRNHX - T. Rowe Price New Horizons Fund holds 2,368K shares representing 5.49% ownership of the company. In its prior filing, the firm reported owning 3,700K shares , representing a decrease of 56.23%. The firm decreased its portfolio allocation in GLOB by 27.40% over the last quarter.

Jpmorgan Chase holds 2,307K shares representing 5.35% ownership of the company. In its prior filing, the firm reported owning 2,301K shares , representing an increase of 0.27%. The firm decreased its portfolio allocation in GLOB by 91.66% over the last quarter.

Riverbridge Partners holds 1,349K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 1,388K shares , representing a decrease of 2.94%. The firm decreased its portfolio allocation in GLOB by 19.51% over the last quarter.

Globant Background Information
(This description is provided by the company.)

Globant is a digitally native company that helps organizations reinvent themselves to create a way forward and unleash their potential. It's the place where innovation, design and engineering meet scale.

Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.

Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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