Detailed Review Of Prospects For Globant S.A. Stock

At the time of writing, Globant S.A. [GLOB] stock is trading at $178.26, up 6.89%. An important factor to consider is whether the stock is rising or falling in short-term value. The GLOB shares have gain 10.71% over the last week, with a monthly amount glided 5.51%, and seem to be holding up well over a long-time horizon.

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On 31, January 2023, Globant’s Be Kind Tech Fund Invests in Web3-Based Platform Polemix to Facilitate Discussion on Hot-Button Issues. In a post published today on Yahoo Finance, The Be Kind Tech Fund’s investment will support Polemix in its goal to build and scale the first Web3-based platform facilitating discussion of important causes.

From an analyst’s perspective:

Globant S.A. [NYSE: GLOB] stock has seen the most recent analyst activity on February 02, 2023, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $240. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on September 13, 2022, and set its price target to $291. On September 21, 2021, upgrade upgraded it’s rating to Buy and revised its price target to $395 on the stock. Jefferies upgraded its rating to a Buy and increased its price target to $290 on August 03, 2021. Piper Sandler upgraded its rating to a Overweight and raised its price target to $280 on July 28, 2021. Citigroup upgraded its rating to Buy for this stock on May 14, 2021, and upped its price target to $243. In a note dated January 14, 2021, Piper Sandler downgraded an Neutral rating on this stock and boosted its target price from $205 to $222.

For the past year, the stock price of Globant S.A. fluctuated between $151.63 and $286.63. Currently, Wall Street analysts expect the stock to reach $228.60 within the next 12 months. Globant S.A. [NYSE: GLOB] shares were valued at $178.26 at the most recent close of the market. An investor can expect a potential return of 28.24% based on the average GLOB price forecast.

Analyzing the GLOB fundamentals

According to Globant S.A. [NYSE:GLOB], the company’s sales were 458.88 billion in the recent quarter, which represents an 34.30% jump. Gross Margin for this corporation currently stands at +33.06% with Operating Margin at +14.62%, Pretax Margin comes in at +9.64%, and Net Margin reading is +7.41%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 173.79 points at the first support level, and at 169.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.31, and for the 2nd resistance point, it is at 184.37.

Globant S.A. [GLOB] reported earnings per share of $1.22 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.2/share, meaning a difference of $0.02 and a surprise factor of 1.70%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.19 per share as compared to estimates of $1.16 per share, a difference of $0.03 representing a surprise of 2.60%.

Ratios To Look Out For

It is important to note that Globant S.A. [NYSE:GLOB] has a current ratio of 2.30. On the other hand, the Quick Ratio is 2.12, and the Cash Ratio is 1.20. Considering the valuation of this stock, the price to sales ratio is 10.19, the price to book ratio is 10.04 and the P/E (TTM) ratio is 54.98.