
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant's organic constant currency revenue increased by approximately 8.5% year-over-year, indicating a robust growth trajectory supported by both organic initiatives and strategic acquisitions. The notable contribution of AI-related projects, generating over $350 million in FY24 and growing 110% year-over-year, highlights the company's positioning in a rapidly evolving technological landscape. Additionally, a 4.6% increase in billable headcount sequentially signifies strong hiring trends and healthy pipeline levels, suggesting sustained growth potential across various regions and industry verticals.
Bears say
Globant's financial outlook is hindered by recent declines in crucial sectors such as media and entertainment and professional services, which experienced downturns due to tough comparisons and client ramp-downs, indicating potential pressure on growth metrics for several quarters. The company's organic growth has been below trend in recent years, resulting in a valuation that is justified at a discount relative to historical multiples, with projections suggesting a compression of its price-to-earnings (P/E) ratio to approximately 15x by FY26. Additionally, FY25 targets have fallen short of expectations amid foreign exchange headwinds and political uncertainty in Latin America, further compounded by reduced spending from key clients, particularly Disney, which intensifies the company's financial challenges.
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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