
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant reported an organic constant currency revenue increase of approximately 8.5% year-over-year, driven significantly by a 110% year-over-year rise in AI-related projects, which contributed over $350 million to its revenues, although they currently represent around 15% of total revenue. The company experienced a 4.6% quarter-over-quarter growth in billable headcount, fueled by both mergers and acquisitions as well as organic hiring, indicative of a robust demand environment and a healthy pipeline. Additionally, Globant is poised for continued growth and market share expansion, supported by a solid deal pipeline in the US and Europe, alongside emerging opportunities in regions like the Middle East.
Bears say
Globant's stock outlook is negatively impacted by a reliance on concentrated industries, particularly media and entertainment and financial services, which have experienced recent declines due to difficult prior comparisons and client cutbacks. The company has reported organic growth below expectations and provided a cautious guidance for FY25, citing foreign exchange challenges and political instability in Latin America that are affecting client spending and decision-making. Additionally, the stock's valuation near historical lows, coupled with ongoing pressure on fundamentals, suggests a potentially extended period of weakened performance.
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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