GLOB Similar Chart Price Prediction
The price of GLOB is predicted to go up 18.48%, based on the high correlation periods with SHOP. The similarity of these two price pattern on the periods is 90.69%.
GLOB
SHOP
Up: 18.48%Similarity: 90.69%
GLOB Revenue Forecast
GLOB EPS Forecast
GLOB FAQs
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GLOB VS S&P500
Globant specializes in digital transformation services, which is one of the fastest growing areas in the IT services market.
The company's land and expand strategy is bearing fruit, as evidenced by the growing number of clients generating more than $1 million in annual revenue.
Globant's relatively high growth rate versus peers in recent times indicates the company is gaining market share.
GLOB Analyst's Forecast
Surinder Thind
Jefferies
Strong Buy
2025-01-21
Price Target
$240 → $255
Upside
+21.1%
Jefferies analyst Surinder Thind raised the firm's price target on Globant to $255 from $240 and keeps a Buy rating on the shares. The firm, which notes that its Q4 and 2025 estimates for the Technology and Information Services group are mostly unchanged other than a stronger U.S. dollar negatively impacting revenues, expects positive commentary from most management teams as discretionary spend shows signs of picking up, the analyst tells investors in a group preview note.
James Friedman
Susquehanna
Buy
2024-12-17
Price Target
$255
Upside
+12.37%
Divya Goyal
Scotiabank
Hold
2024-11-19
Price Target
$210 → $220
Upside
+5.49%
