Notice of Class Action Lawsuit for Globant Shareholders

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: May 12 2026

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Source: PRnewswire

Class Action Deadline: Rosen Law Firm reminds investors who purchased Globant S.A. stock between February 15, 2024, and August 14, 2025, that they must apply to be lead plaintiff by June 23, 2026, to participate in the class action and potentially receive compensation.
Lawsuit Background: In mid-2023, Globant announced a $1 billion strategic pivot to enhance its Latin American business; however, the lawsuit claims that this strategy was unsuccessful, facing client defections and project cancellations, resulting in investor losses.
Employee Impact: Globant's decision to freeze wages for employees in Mexico and Argentina exacerbated issues in its Latin American operations, leading to employee dissatisfaction and degraded client services, which negatively affected the company's reputation and market position.
Law Firm Advantages: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, demonstrating extensive experience in this field, thus investors are encouraged to carefully select qualified legal counsel.

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Analyst Views on GLOB

Wall Street analysts forecast GLOB stock price to rise

13 Analyst Rating

5 Buy

8 Hold

0 Sell

Moderate Buy

Current: 40.360

Low

61.00

Averages

76.36

High

100.00

Current: 40.360

Low

61.00

Averages

76.36

High

100.00

Wedbush

Steven Wahrhaftig

Outperform

downgrade

$61 -> $54

2026-05-18

Reason

Wedbush

Steven Wahrhaftig

Price Target

$61 -> $54

AI Analysis

2026-05-18

downgrade

Outperform

Reason

Wedbush analyst Steven Wahrhaftig lowered the firm's price target on Globant to $54 from $61 and keeps an Outperform rating on the shares. The firm notes the company reported its Q1 2026 results featuring beats across the board with Q2 guidance coming in-line with Street expectations as the company continues to navigate an increasingly complex macro backdrop bringing greater concerns around the comeback in discretionary spending with clients remaining cautious about making large investments in this backdrop.

Truist

Arvind Ramnani

Hold

downgrade

$54 -> $44

2026-05-15

Reason

Truist

Arvind Ramnani

Price Target

$54 -> $44

2026-05-15

downgrade

Hold

Reason

Truist analyst Arvind Ramnani lowered the firm's price target on Globant to $44 from $54 and keeps a Hold rating on the shares after it's in line with Q1 results. The company's growth was driven by its AI-integrated delivery resonating with clients, driving growth with its top clients, though the firm remains neutral on the name monitoring the equilibrium between AI-led cannibalization of legacy T&M work and the high-margin expansion of new AI-native offerings, the analyst tells investors in a research note.

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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.

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Bullish Call Options: Particularly, the $120 strike call option expiring on June 18, 2026, has seen 2,220 contracts traded today, involving about 222,000 shares, indicating market confidence in Herc Holdings' future growth prospects.

Globant Executives Face Securities Class Action Lawsuit

3 hours agoGlobenewswire

Stock Price Plunge: Globant's shares plummeted approximately 68% from $210.17 to $66.46, indicating significant investor loss of confidence due to failures in the company's $1 billion strategic pivot in Latin America.
Executive Accountability: CEO Martin Migoya and CFO Juan Ignacio Urthiague are accused of misleading investors during earnings calls by claiming healthy growth in Latin America, despite evidence of client defections and declining demand.
Legal Responsibilities: Under the Sarbanes-Oxley Act, executives are personally liable for the accuracy of financial disclosures; Migoya and Urthiague signed SEC certifications during the class period, facing potential legal repercussions for concealing operational failures.
Lawsuit Progress: The court has set June 23, 2026, as the deadline for applying for lead plaintiff appointment, requiring investors to act before this date to ensure their losses are considered for recovery.

Reminder for Globant Investors on Class Action Deadline

3 hours agoGlobenewswire

Lawsuit Background: Globant S.A. faced a significant stock price drop of 27.8% to $151.72 on February 21, 2025, after reporting a 1.3% decline in Latin American revenue in its Q4 2024 results, which missed guidance and harmed investors.
Deteriorating Financial Performance: The company reported a 9% year-over-year decline in Latin American revenue in its Q1 2025 results, citing challenges from macroeconomic and geopolitical factors, leading to a further 23.6% drop in stock price to $101.47 on May 16, 2025, exacerbating investor losses.
Layoffs and Restructuring: On August 14, 2025, Globant announced a reduction of approximately 1,000 employees and a $47.6 million restructuring charge, resulting in a 14.9% decline in stock price to $66.46 the following day, highlighting the company's severe challenges.
Legal Allegations: The class action lawsuit alleges that Globant failed to disclose significant adverse facts regarding declining demand in Latin America and wage freezes, misleading investors throughout the class period, with a deadline to file as lead plaintiff set for June 23, 2026.

Class Action Filed Against Globant S.A. for Securities Violations

3 days agoGlobenewswire

Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Globant S.A. to recover damages for investors who purchased securities between February 15, 2024, and August 14, 2025, highlighting significant investor concerns regarding the company's financial transparency.
Allegations of False Statements: The complaint alleges that Globant's operations in Latin America were unsuccessful, facing client defections and project cancellations, which undermines its claimed market leadership and negatively impacts investor confidence.
Employee Turmoil Impact: Despite claims of being an employer of choice in Latin America, the freezing of employee wages in Mexico and Argentina has led to widespread discontent, adversely affecting client service quality and revealing internal management issues within the company.
Investor Rights Protection: The law firm offers legal support on a contingency fee basis, meaning they only charge fees upon successful recovery, demonstrating a strong commitment to protecting investor rights and interests.

Globant Faces Class Action Lawsuit Warning

3 days agoGlobenewswire

Class Action Alert: The Schall Law Firm has alerted investors about a class action lawsuit against Globant S.A. for violations of §§10(b) and 20(a) of the Securities Exchange Act, concerning securities purchased between February 15, 2024, and August 14, 2025, with a deadline to contact the firm by June 23, 2026, for participation.
False Statements Allegation: The complaint alleges that Globant made false and misleading statements regarding its 'Latin American pivot,' claiming market leadership while failing due to declining demand and project cancellations, resulting in investor losses.
Employee Morale Impact: The company's decision to freeze wages in certain Latin American countries has negatively affected employee morale and client service levels, contrasting sharply with its claims of being a market leader, exacerbating investor trust issues.
Legal Consequences and Investor Losses: As the truth about the company emerges, investors face significant losses, prompting the Schall Law Firm to encourage affected shareholders to join the lawsuit for potential recovery, highlighting the legal actions' implications for the company's future.