
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant's organic constant currency revenue experienced a robust increase of approximately 8.5% year-over-year, demonstrating the company's solid performance amidst a competitive landscape. The company's focus on AI-related projects has yielded significant contributions, with these initiatives generating over $350 million in FY24 and reflecting a 110% year-over-year growth, indicating a promising future despite currently accounting for only about 15% of total revenue. Furthermore, the billable headcount has seen a sequential growth of 4.6%, supported by both mergers and acquisitions as well as organic hiring, highlighting Globant's capability to expand its market share and strengthen its client relationships across various regions and industries.
Bears say
Globant's stock faces a negative outlook primarily due to declining growth in key industry sectors, particularly media and entertainment, which has led to a pressured financial performance anticipated to persist for several quarters. The company's organic growth has been below trend, and the fiscal year 2025 targets fell short of expectations, impacted by unfavorable foreign exchange conditions and political uncertainties in Latin America that are affecting client decision-making. Additionally, with the stock currently trading at historical lows relative to its earnings projections, there are concerns that its valuation may further compress, signaling deeper challenges ahead.
This aggregate rating is based on analysts' research of Globant and is not a guaranteed prediction by Public.com or investment advice.
Globant (GLOB) Analyst Forecast & Price Prediction
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