
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant experienced a notable improvement in its financial performance, highlighted by a 32% year-over-year increase in quarterly bookings and a solid $3.4 billion pipeline, indicating strong demand for its customized software solutions. The company's revenue for the third quarter reached $617.1 million, slightly above estimates and reflecting a 1.3% year-over-year growth expectation for fiscal year 2025, an upward revision from previous guidance. Additionally, growth across various verticals, particularly in media and entertainment, which rebounded by 3.0% quarter-over-quarter, suggests a recovery and expansion of Globant's market reach.
Bears say
Globant's revenue experienced a decline of approximately 6.5% year-over-year in constant currency, despite coming in slightly above guidance, reflecting ongoing demand challenges in the IT services sector. The company's full-year guidance suggests flat revenue, with adjusted operating margins expected to decrease to 14–15%, primarily due to currency depreciation against the US dollar and rising statutory costs in key markets. Moreover, with a decrease in billable headcount by 3.5% quarter-over-quarter, Globant's fundamentals appear pressured, indicating a difficult financial outlook for the coming quarters.
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
Start investing in Globant (GLOB)
Order type
Buy in
Order amount
Est. shares
0 shares