
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant's organic constant currency revenue experienced an impressive year-over-year increase of approximately 8.5%. AI-related projects significantly contributed to this growth, generating over $350 million in FY24, which represents a remarkable 110% increase year-over-year, despite only accounting for around 15% of total revenue. Additionally, the company's healthy deal pipeline, particularly in the US and Europe, alongside strong sequential growth in billable headcount, underscores Globant's capacity to outperform market trends through strategic initiatives and customer expansion.
Bears say
The analysis indicates a negative outlook on Globant's stock primarily due to declining performance in key verticals such as media and entertainment, coupled with economic uncertainty in Latin America affecting client decision-making. Despite a recent trading pullback bringing the stock to near historical lows at approximately 17x FY26 EPS estimates, organic growth has remained below-trend, justifying a discounted valuation relative to prior years. Additionally, the company's FY25 targets have fallen short of expectations, with significant headwinds from foreign exchange fluctuations and decreased spending from major clients like Disney, further pressuring future growth prospects.
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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