
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant demonstrated a resilient performance in its recent financial results, with a revenue increase of 0.5% quarter-over-quarter, totaling $617.1 million, which exceeds consensus estimates and aligns closely with expectations. The company is expected to achieve FY25 revenue of at least $2.447 billion, indicating a slight upward revision in growth projections to 1.3% year-over-year. Additionally, Globant's growth in market share, evidenced by new customer acquisitions and strengthened relationships with existing clients, supports a positive outlook for future expansion, especially as growth rates across verticals, particularly in media and entertainment and other sectors, continue to show signs of recovery.
Bears say
Globant's stock outlook is negative primarily due to a decline in billable headcount by 3.5% quarter-over-quarter, reflecting ongoing demand challenges that could persist for several quarters. Additionally, the company's concentrated client base in the media and entertainment and financial services industries exposes it to sector-specific risks, as evidenced by flat growth in North America and a slight decline in Europe. Furthermore, unfavorable currency movements may negatively impact both revenue and profit margins, further exacerbating the potential for multiple compression and limiting earnings growth.
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