Globant (GLOB) Stock Forecast, Price Target & Predictions


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GLOB Stock Forecast


Globant stock forecast is as follows: an average price target of $227.00 (represents a 8.03% upside from GLOB’s last price of $210.12) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.

GLOB Price Target


The average price target for Globant (GLOB) is $227.00 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $250.00 to $200.00. This represents a potential 8.03% upside from GLOB's last price of $210.12.

GLOB Analyst Ratings


Buy

According to 16 Wall Street analysts, Globant's rating consensus is 'Buy'. The analyst rating breakdown for GLOB stock is 0 'Strong Buy' (0.00%), 9 'Buy' (56.25%), 7 'Hold' (43.75%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Globant Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024Dan DolevMizuho Securities$250.00$218.8114.25%18.98%
Sep 19, 2024Daniel FederleBradesco$240.00$193.5524.00%14.22%
Sep 09, 2024Surinder ThindJefferies$240.00$194.9723.10%14.22%
Aug 21, 2024Joseph VafiCanaccord Genuity$205.00$202.741.11%-2.44%
Aug 16, 2024Thomas BlakeyKeyBanc$235.00$194.3720.90%11.84%
Aug 16, 2024Arvind RamnaniPiper Sandler$240.00$194.3723.48%14.22%
May 28, 2024Leonardo OlmosUBS$230.00$166.4938.15%9.46%
May 17, 2024Thomas BlakeyKeyBanc$220.00$177.7323.78%4.70%
May 17, 2024Arvind RamnaniPiper Sandler$238.00$165.7143.62%13.27%
May 17, 2024Mayank TandonNeedham$200.00$177.7312.53%-4.82%
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The latest Globant stock forecast, released on Oct 29, 2024 by Dan Dolev from Mizuho Securities, set a price target of $250.00, which represents a 14.25% increase from the stock price at the time of the forecast ($218.81), and a 18.98% increase from GLOB last price ($210.12).

Globant Price Target by Period


1M3M12M
# Anlaysts1614
Avg Price Target$250.00$235.00$224.36
Last Closing Price$210.12$210.12$210.12
Upside/Downside18.98%11.84%6.78%

In the current month, the average price target of Globant stock is $250.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 18.98% increase as opposed to Globant's last price of $210.12. This month's average price target is up 6.38% compared to last quarter, and up 11.43% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 19, 2024Bradesco-OutperformInitialise
Sep 11, 2024Cowen & Co.BuyBuyHold
Sep 09, 2024JefferiesBuyBuyHold
Sep 06, 2024UBSSector PerformSector PerformHold
Sep 06, 2024ScotiabankUnderperformUnderperformHold
Aug 21, 2024Deutsche Bank-HoldInitialise
Aug 21, 2024ScotiabankSector PerformSector PerformHold
Aug 21, 2024Canaccord GenuityHoldHoldHold
Aug 20, 2024UBSSector PerformNeutralDowngrade
Aug 16, 2024UBSSector PerformSector PerformHold
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Globant's last stock rating was published by Bradesco on Sep 19, 2024. The company Initialise its GLOB rating from "null" to "Outperform".

Globant Financial Forecast


Globant Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$862.62M$818.70M$779.91M$745.42M$742.45M$711.30M$676.57M$651.76M$643.17M$614.89M$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$862.62M$818.70M$779.91M$745.42M$742.45M$711.30M$676.57M$651.76M$643.17M$615.79M$586.86M$570.73M$581.19M$547.66M$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
Low Forecast$862.62M$818.70M$779.91M$745.42M$742.45M$711.30M$676.57M$651.76M$643.17M$614.31M$586.77M$570.73M$578.74M$539.05M$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
# Analysts999988889109471159544755107516811711
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 $496.48M, and a high forecast of $496.48M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988889109471159544755107516811711
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$115.68M$109.79M$104.59M$99.96M$99.56M$95.39M$90.73M$87.40M$86.25M$82.46M$78.69M$59.71M$77.70M$73.10M$66.58M$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$115.68M$109.79M$104.59M$99.96M$99.56M$95.39M$90.73M$87.40M$86.25M$82.58M$78.70M$71.66M$77.94M$73.44M$66.58M$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$115.68M$109.79M$104.59M$99.96M$99.56M$95.39M$90.73M$87.40M$86.25M$82.38M$78.69M$47.77M$77.61M$72.29M$66.58M$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 $66.58M, with a high of $66.58M and a low of $66.58M. This is 20.01% upper than Globant's previous annual EBITDA (Mar 23) of $55.48M.

Globant Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988889109471159544755107516811711
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$90.63M$85.70M$81.41M$73.74M$89.37M$84.57M$79.15M$74.32M$76.87M$71.98M$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$90.63M$85.70M$81.41M$73.74M$89.37M$84.57M$79.15M$74.32M$76.87M$73.31M$66.48M$50.32M$72.49M$68.79M$59.80M$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$90.63M$85.70M$81.41M$73.74M$89.37M$84.57M$79.15M$74.32M$76.87M$71.54M$66.25M$33.55M$70.28M$62.98M$59.80M$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 $59.80M to $59.80M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988889109471159544755107516811711
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$214.32M$203.41M$193.77M$185.20M$184.46M$176.73M$168.10M$161.93M$159.80M$152.77M$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$214.32M$203.41M$193.77M$185.20M$184.46M$176.73M$168.10M$161.93M$159.80M$153.00M$145.81M$139.64M$144.40M$136.07M$123.35M$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$214.32M$203.41M$193.77M$185.20M$184.46M$176.73M$168.10M$161.93M$159.80M$152.63M$145.79M$93.10M$143.79M$133.93M$123.35M$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 $123.35M to $123.35M. The forecast indicates a 3.35% rise compared to GLOB last annual SG&A of $119.36M (Mar 23).

Globant EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts999988889109471159544755107516811711
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$2.05$1.93$1.84$1.66$2.02$1.91$1.79$1.68$1.74$1.63$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$2.05$1.93$1.84$1.66$2.02$1.91$1.79$1.68$1.74$1.66$1.50$1.55$1.64$1.55$1.35$1.27$1.38$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$2.05$1.93$1.84$1.66$2.02$1.91$1.79$1.68$1.74$1.62$1.50$1.50$1.59$1.42$1.35$1.27$1.38$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 $1.35 and a high estimate of $1.35. This represents a 56.98% increase compared to GLOB previous annual EPS of $0.86 (Mar 23).

Globant Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
TTECTTEC$5.19$35.67587.28%Hold
CLVTClarivate$6.61$14.33116.79%Buy
TASKTaskUs$13.18$28.00112.44%Hold
CNXCConcentrix$41.51$77.5086.70%Buy
EPAMEPAM Systems$189.22$328.8873.81%Buy
WNSWNS$47.45$72.8653.55%Buy
CDWCDW$188.38$232.8023.58%Buy
FISVFiserv$114.23$133.1116.53%Buy
GGenpact$38.34$42.2510.20%Hold
ASGNASGN$91.06$99.008.72%Hold
ACNAccenture$345.67$375.078.51%Buy
GLOBGlobant$210.12$227.008.03%Buy
JKHYJack Henry & Associates$183.06$191.804.77%Buy
CTSHCognizant Technology Solutions$74.61$75.881.70%Hold
INFYInfosys$20.76$20.58-0.87%Hold
IBMInternational Business Machines$208.25$206.09-1.04%Hold
CACICACI$553.28$491.11-11.24%Buy
BRBroadridge Financial Solutions$210.21$176.00-16.27%Buy
EXLSExlService$41.65$32.64-21.63%Buy

GLOB Forecast FAQ


Yes, according to 16 Wall Street analysts, Globant (GLOB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 56.25% of GLOB's total ratings.

Globant (GLOB) average price target is $227 with a range of $200 to $250, implying a 8.03% from its last price of $210.12. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for GLOB stock, the company can go up by 8.03% (from the last price of $210.12 to the average price target of $227), up by 18.98% based on the highest stock price target, and down by -4.82% based on the lowest stock price target.

GLOB's average twelve months analyst stock price target of $227 does not support the claim that Globant can reach $300 in the near future.

1 Wall Street analyst forecast a $250 price target for Globant (GLOB) this month, up 18.98% from its last price of $210.12. Compared to the last 3 and 12 months, the average price target increased by 11.84% and increased by 6.78%, respectively.

Globant's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.78B (high $2.78B, low $2.78B), average EBITDA is $373.08M (high $373.08M, low $373.08M), average net income is $327.42M (high $327.42M, low $327.42M), average SG&A $691.22M (high $691.22M, low $691.22M), and average EPS is $7.39 (high $7.39, low $7.39). GLOB's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.21B (high $3.21B, low $3.21B), average EBITDA is $430.02M (high $430.02M, low $430.02M), average net income is $331.48M (high $331.48M, low $331.48M), average SG&A $796.71M (high $796.71M, low $796.71M), and average EPS is $7.48 (high $7.48, low $7.48).

Based on Globant's last annual report (Dec 2022), the company's revenue was $1.78B, beating the average analysts forecast of $1.77B by 0.54%. Apple's EBITDA was $215.8M, beating the average prediction of $210.73M by 2.40%. The company's net income was $149.48M, missing the average estimation of $173.38M by -13.78%. Apple's SG&A was $456.32M, beating the average forecast of $416.91M by 9.45%. Lastly, the company's EPS was $3.55, missing the average prediction of $5 by -29.02%. In terms of the last quarterly report (Mar 2023), Globant's revenue was $472.42M, beating the average analysts' forecast of $471.07M by 0.29%. The company's EBITDA was $55.48M, beating the average prediction of $54.29M by 2.20%. Globant's net income was $36.42M, missing the average estimation of $38.12M by -4.46%. The company's SG&A was $119.36M, beating the average forecast of $105.79M by 12.82%. Lastly, the company's EPS was $0.86, missing the average prediction of $1.27 by -32.21%