
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant's stock outlook is positively influenced by a significant 32% year-over-year increase in quarterly bookings, indicating a robust demand for its services following strategic restructuring in its go-to-market organization. The company demonstrated resilience with a revenue growth of 0.4% year-over-year and an increase to $617.1 million in the third quarter, surpassing consensus estimates. Furthermore, projections for fiscal year 2025 suggest revenue growth will reach at least $2.447 billion, reflecting a slight improvement in guidance and the potential for a return to double-digit organic growth by early FY26.
Bears say
Globant's recent financial performance indicates a concerning trend, with revenue declining approximately 6.5% year-over-year in constant currency, despite a slight improvement in operating margins to 16%. The full-year guidance suggests flat revenue growth and a decrease in adjusted operating margins to 14-15%, primarily due to the weakening of the USD against local currencies and rising statutory costs. Additionally, a reduction in billable headcount by 3.5% signals ongoing demand challenges, further exacerbating the company's ability to generate consistent growth in the competitive IT services sector.
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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