Globant (GLOB) Stock Forecast, Price Target & Predictions
GLOB Stock Forecast
Globant stock forecast is as follows: an average price target of $232.91 (represents a 4.59% upside from GLOB’s last price of $222.69) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
GLOB Price Target
The average price target for Globant (GLOB) is $232.91 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $265.00 to $200.00. This represents a potential 4.59% upside from GLOB's last price of $222.69.
GLOB Analyst Ratings
According to 17 Wall Street analysts, Globant's rating consensus is 'Buy'. The analyst rating breakdown for GLOB stock is 0 'Strong Buy' (0.00%), 10 'Buy' (58.82%), 7 'Hold' (41.18%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Globant Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Mayank Tandon | Needham | $265.00 | $207.60 | 27.65% | 19.00% |
| Oct 29, 2024 | Dan Dolev | Mizuho Securities | $250.00 | $218.81 | 14.25% | 12.26% |
| Sep 19, 2024 | Daniel Federle | Bradesco | $240.00 | $193.55 | 24.00% | 7.77% |
| Sep 09, 2024 | Surinder Thind | Jefferies | $240.00 | $194.97 | 23.10% | 7.77% |
| Aug 21, 2024 | Joseph Vafi | Canaccord Genuity | $205.00 | $202.74 | 1.11% | -7.94% |
| Aug 16, 2024 | Thomas Blakey | KeyBanc | $235.00 | $194.37 | 20.90% | 5.53% |
| Aug 16, 2024 | Arvind Ramnani | Piper Sandler | $240.00 | $194.37 | 23.48% | 7.77% |
| May 28, 2024 | Leonardo Olmos | UBS | $230.00 | $166.49 | 38.15% | 3.28% |
| May 17, 2024 | Thomas Blakey | KeyBanc | $220.00 | $177.73 | 23.78% | -1.21% |
| May 17, 2024 | Arvind Ramnani | Piper Sandler | $238.00 | $165.71 | 43.62% | 6.88% |
The latest Globant stock forecast, released on Nov 15, 2024 by Mayank Tandon from Needham, set a price target of $265.00, which represents a 27.65% increase from the stock price at the time of the forecast ($207.60), and a 19.00% increase from GLOB last price ($222.69).
Globant Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 4 | 14 |
| Avg Price Target | $257.50 | $248.75 | $227.71 |
| Last Closing Price | $222.69 | $222.69 | $222.69 |
| Upside/Downside | 15.63% | 11.70% | 2.25% |
In the current month, the average price target of Globant stock is $257.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 15.63% increase as opposed to Globant's last price of $222.69. This month's average price target is up 3.52% compared to last quarter, and up 13.08% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 15, 2024 | CFRA | Buy | Buy | Hold |
| Sep 19, 2024 | Bradesco | - | Outperform | Initialise |
| Sep 11, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Sep 09, 2024 | Jefferies | Buy | Buy | Hold |
| Sep 06, 2024 | UBS | Sector Perform | Sector Perform | Hold |
| Sep 06, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Aug 21, 2024 | Deutsche Bank | - | Hold | Initialise |
| Aug 21, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Aug 21, 2024 | Canaccord Genuity | Hold | Hold | Hold |
| Aug 20, 2024 | UBS | Sector Perform | Neutral | Downgrade |
Globant's last stock rating was published by CFRA on Nov 15, 2024. The company gave GLOB a "Buy" rating, the same as its previous rate.
Globant Financial Forecast
Globant Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $472.42M | $490.72M | $458.88M | $429.26M | $401.38M | $379.82M | $341.83M | $305.26M | $270.17M | $232.64M | $207.22M | $182.71M | $191.57M | $184.31M | $171.33M |
| Avg Forecast | $868.82M | $822.66M | $782.73M | $745.62M | $735.89M | $706.85M | $673.11M | $647.22M | $644.84M | $614.60M | $586.82M | $570.73M | $579.39M | $545.08M | $496.48M | $471.07M | $489.92M | $457.06M | $426.22M | $397.41M | $359.44M | $326.80M | $285.80M | $259.67M | $222.97M | $203.76M | $179.89M | $189.23M | $183.16M | $171.32M |
| High Forecast | $879.16M | $832.45M | $792.04M | $754.49M | $744.65M | $715.26M | $681.12M | $661.48M | $646.58M | $621.91M | $586.86M | $570.73M | $581.19M | $547.66M | $502.39M | $476.67M | $495.74M | $457.06M | $426.22M | $397.41M | $359.44M | $326.80M | $285.80M | $259.67M | $222.97M | $203.76M | $179.89M | $189.23M | $183.16M | $171.32M |
| Low Forecast | $857.92M | $812.34M | $772.91M | $736.27M | $726.66M | $697.98M | $664.67M | $631.39M | $642.79M | $606.89M | $586.77M | $570.73M | $578.74M | $539.05M | $490.25M | $465.16M | $483.77M | $457.06M | $426.22M | $397.41M | $359.44M | $326.80M | $285.80M | $259.67M | $222.97M | $203.76M | $179.89M | $189.23M | $183.16M | $171.32M |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 16 | 8 | 11 | 7 | 11 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 1.00% | 1.01% | 1.01% | 1.06% | 1.05% | 1.07% | 1.04% | 1.04% | 1.02% | 1.02% | 1.01% | 1.01% | 1.00% |
Globant's average Quarter revenue forecast for Jun 23 based on 5 analysts is $496.48M, with a low forecast of $490.25M, and a high forecast of $502.39M. GLOB's average Quarter revenue forecast represents a 5.09% increase compared to the company's last Quarter revenue of $472.42M (Mar 23).
Globant EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 16 | 8 | 11 | 7 | 11 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $55.48M | $60.08M | $51.39M | $51.96M | $52.38M | $39.72M | $35.23M | $28.64M | $47.24M | $29.21M | $18.45M | $16.04M | $32.83M | $4.16M | $29.48M |
| Avg Forecast | $149.24M | $141.31M | $134.46M | $128.08M | $126.41M | $121.42M | $115.63M | $111.18M | $110.77M | $105.57M | $100.80M | $59.71M | $99.53M | $93.63M | $85.28M | $54.29M | $42.93M | $61.29M | $57.16M | $49.35M | $48.20M | $43.82M | $38.33M | $45.47M | $29.90M | $27.33M | $24.12M | $28.08M | $24.56M | $22.97M |
| High Forecast | $151.02M | $143.00M | $136.05M | $129.60M | $127.91M | $122.86M | $117.00M | $113.63M | $111.07M | $106.83M | $100.81M | $71.66M | $99.84M | $94.08M | $86.30M | $65.14M | $51.52M | $61.29M | $57.16M | $59.22M | $48.20M | $43.82M | $38.33M | $54.56M | $29.90M | $27.33M | $24.12M | $33.70M | $24.56M | $22.97M |
| Low Forecast | $147.37M | $139.54M | $132.77M | $126.47M | $124.82M | $119.90M | $114.17M | $108.46M | $110.42M | $104.25M | $100.79M | $47.77M | $99.41M | $92.60M | $84.21M | $43.43M | $34.35M | $61.29M | $57.16M | $39.48M | $48.20M | $43.82M | $38.33M | $36.38M | $29.90M | $27.33M | $24.12M | $22.47M | $24.56M | $22.97M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.40% | 0.84% | 0.91% | 1.06% | 0.82% | 0.80% | 0.75% | 1.04% | 0.98% | 0.68% | 0.66% | 1.17% | 0.17% | 1.28% |
5 analysts predict GLOB's average Quarter EBITDA for Jun 23 to be $85.28M, with a high of $86.30M and a low of $84.21M. This is 53.72% upper than Globant's previous annual EBITDA (Mar 23) of $55.48M.
Globant Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 16 | 8 | 11 | 7 | 11 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.42M | $39.42M | $36.10M | $37.09M | $36.62M | $29.13M | $25.61M | $19.95M | $21.67M | $18.69M | $12.34M | $10.02M | $13.17M | $13.45M | $15.08M |
| Avg Forecast | $109.96M | $102.18M | $97.24M | $86.95M | $87.56M | $84.89M | $78.60M | $73.27M | $76.83M | $71.97M | $66.36M | $41.93M | $71.17M | $65.66M | $59.80M | $38.12M | $29.61M | $55.86M | $53.25M | $34.65M | $45.06M | $41.25M | $37.30M | $20.85M | $29.95M | $25.70M | $21.34M | $12.96M | $26.94M | $26.23M |
| High Forecast | $111.66M | $103.76M | $98.74M | $88.30M | $88.92M | $86.20M | $79.81M | $76.76M | $78.15M | $73.82M | $66.48M | $50.32M | $72.49M | $68.79M | $60.72M | $45.74M | $35.53M | $56.09M | $54.31M | $41.58M | $45.06M | $41.25M | $37.30M | $25.03M | $29.95M | $25.70M | $21.34M | $15.55M | $26.94M | $26.23M |
| Low Forecast | $108.17M | $100.51M | $95.65M | $85.54M | $86.13M | $83.50M | $77.31M | $70.66M | $75.06M | $70.12M | $66.25M | $33.55M | $70.28M | $62.98M | $58.82M | $30.50M | $23.69M | $55.63M | $52.20M | $27.72M | $45.06M | $41.25M | $37.30M | $16.68M | $29.95M | $25.70M | $21.34M | $10.37M | $26.94M | $26.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | 1.33% | 0.65% | 0.70% | 1.06% | 0.65% | 0.62% | 0.53% | 1.04% | 0.62% | 0.48% | 0.47% | 1.02% | 0.50% | 0.57% |
Globant's average Quarter net income forecast for Jun 23 is $59.80M, with a range of $58.82M to $60.72M. GLOB's average Quarter net income forecast represents a 64.19% increase compared to the company's last Quarter net income of $36.42M (Mar 23).
Globant SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 16 | 8 | 11 | 7 | 11 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $119.36M | $123.80M | $119.21M | $111.68M | $101.64M | $20.21M | $89.27M | $82.21M | $54.02M | $6.59M | $53.80M | $49.58M | $38.87M | $2.50M | $43.09M |
| Avg Forecast | $215.86M | $204.39M | $194.47M | $185.25M | $182.84M | $175.62M | $167.24M | $160.80M | $160.22M | $152.70M | $145.80M | $116.37M | $143.95M | $135.43M | $123.35M | $105.79M | $101.28M | $113.56M | $105.90M | $96.17M | $89.31M | $81.19M | $71.01M | $51.99M | $55.40M | $50.63M | $44.70M | $51.05M | $45.51M | $42.56M |
| High Forecast | $218.43M | $206.83M | $196.79M | $187.46M | $185.01M | $177.71M | $169.23M | $164.35M | $160.65M | $154.52M | $145.81M | $139.64M | $144.40M | $136.07M | $124.82M | $126.95M | $121.53M | $113.56M | $105.90M | $115.41M | $89.31M | $81.19M | $71.01M | $62.39M | $55.40M | $50.63M | $44.70M | $61.26M | $45.51M | $42.56M |
| Low Forecast | $213.16M | $201.83M | $192.03M | $182.93M | $180.54M | $173.42M | $165.14M | $156.87M | $159.70M | $150.78M | $145.79M | $93.10M | $143.79M | $133.93M | $121.81M | $84.63M | $81.02M | $113.56M | $105.90M | $76.94M | $89.31M | $81.19M | $71.01M | $41.59M | $55.40M | $50.63M | $44.70M | $40.84M | $45.51M | $42.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.13% | 1.22% | 1.05% | 1.05% | 1.06% | 0.23% | 1.10% | 1.16% | 1.04% | 0.12% | 1.06% | 1.11% | 0.76% | 0.06% | 1.01% |
Globant's average Quarter SG&A projection for Jun 23 is $123.35M, based on 5 Wall Street analysts, with a range of $121.81M to $124.82M. The forecast indicates a 3.35% rise compared to GLOB last annual SG&A of $119.36M (Mar 23).
Globant EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 8 | 4 | 3 | 4 | 7 | 11 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 5 | 16 | 8 | 11 | 7 | 11 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.86 | $0.93 | $0.86 | $0.89 | $0.88 | $0.70 | $0.61 | $0.49 | $0.54 | $0.47 | $0.31 | $0.27 | $0.36 | $0.36 | $0.41 |
| Avg Forecast | $2.48 | $2.31 | $2.20 | $1.96 | $1.98 | $1.92 | $1.77 | $1.65 | $1.73 | $1.62 | $1.50 | $1.53 | $1.61 | $1.48 | $1.35 | $1.27 | $1.38 | $1.26 | $1.20 | $1.16 | $1.02 | $0.93 | $0.84 | $0.80 | $0.68 | $0.58 | $0.48 | $0.62 | $0.61 | $0.59 |
| High Forecast | $2.52 | $2.34 | $2.23 | $1.99 | $2.01 | $1.95 | $1.80 | $1.73 | $1.76 | $1.67 | $1.50 | $1.55 | $1.64 | $1.55 | $1.37 | $1.29 | $1.40 | $1.27 | $1.23 | $1.16 | $1.02 | $0.93 | $0.84 | $0.80 | $0.68 | $0.58 | $0.48 | $0.62 | $0.61 | $0.59 |
| Low Forecast | $2.44 | $2.27 | $2.16 | $1.93 | $1.94 | $1.89 | $1.75 | $1.60 | $1.69 | $1.58 | $1.50 | $1.50 | $1.59 | $1.42 | $1.33 | $1.25 | $1.35 | $1.26 | $1.18 | $1.16 | $1.02 | $0.93 | $0.84 | $0.80 | $0.68 | $0.58 | $0.48 | $0.62 | $0.61 | $0.59 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.68% | 0.68% | 0.68% | 0.74% | 0.76% | 0.69% | 0.66% | 0.58% | 0.67% | 0.70% | 0.53% | 0.56% | 0.58% | 0.59% | 0.69% |
According to 5 Wall Street analysts, Globant's projected average Quarter EPS for Jun 23 is $1.35, with a low estimate of $1.33 and a high estimate of $1.37. This represents a 56.98% increase compared to GLOB previous annual EPS of $0.86 (Mar 23).
Globant Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TTEC | TTEC | $4.81 | $35.67 | 641.58% | Hold |
| CLVT | Clarivate | $5.14 | $14.33 | 178.79% | Buy |
| CNXC | Concentrix | $39.56 | $77.50 | 95.90% | Buy |
| TASK | TaskUs | $14.74 | $28.00 | 89.96% | Hold |
| WNS | WNS | $51.90 | $72.86 | 40.39% | Buy |
| EPAM | EPAM Systems | $245.22 | $331.06 | 35.01% | Buy |
| CDW | CDW | $178.17 | $232.80 | 30.66% | Buy |
| ASGN | ASGN | $84.50 | $99.00 | 17.16% | Hold |
| FISV | Fiserv | $114.23 | $133.11 | 16.53% | Buy |
| JKHY | Jack Henry & Associates | $172.50 | $191.80 | 11.19% | Buy |
| GLOB | Globant | $222.69 | $232.91 | 4.59% | Buy |
| ACN | Accenture | $361.05 | $375.81 | 4.09% | Buy |
| CACI | CACI | $475.48 | $492.78 | 3.64% | Buy |
| CTSH | Cognizant Technology Solutions | $78.86 | $75.88 | -3.78% | Hold |
| INFY | Infosys | $21.96 | $20.58 | -6.28% | Hold |
| G | Genpact | $45.82 | $42.80 | -6.59% | Hold |
| IBM | International Business Machines | $222.40 | $206.09 | -7.33% | Hold |
| BR | Broadridge Financial Solutions | $227.47 | $200.75 | -11.75% | Hold |
| EXLS | ExlService | $45.66 | $32.64 | -28.52% | Buy |