Globant SA hits a 20-day low amid market conditions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
Source: Coinmarketcap
Globant SA's stock price fell by 3.09%, hitting a 20-day low. This decline occurs in the context of mixed market performance, with the Nasdaq-100 down 0.14% and the S&P 500 up 0.13%.
The drop in Globant's stock is attributed to sector rotation, as investors are shifting their focus away from technology stocks amid broader market conditions. The mixed performance of the indices suggests a cautious sentiment among investors, impacting tech stocks like Globant.
This movement indicates a potential reevaluation of investment strategies, particularly in the tech sector, as market participants respond to changing economic signals.
Analyst Views on GLOB
Wall Street analysts forecast GLOB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLOB is 78.00 USD with a low forecast of 61.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
6 Buy
5 Hold
0 Sell
Moderate Buy
Current: 66.690
Low
61.00
Averages
78.00
High
100.00
Current: 66.690
Low
61.00
Averages
78.00
High
100.00
About GLOB
Globant S.A. is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe. It builds digital journeys, which consists of different software products, including mobile apps, Web apps, sensors and other software and hardware appliances that work orchestrated by a backend that uses big data and fast data to create a understanding of each consumer and how to act upon each scenario. The Company delivers digital journeys with a comprehensive approach that includes Stay Relevant, which helps its customers stay fit for the future of their industries; Discover, which think and conceive specific digital journeys for each customer; Build, which creates each digital journey leveraging the work of its Studios, its services over platforms and its agile pods methodologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
