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Globant (GLOB) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

GLOB Stock Forecast

Globant stock forecast is as follows: an average price target of $239.29 (represents a 10.10% upside from GLOB’s last price of $217.33) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.

GLOB Price Target

The average price target for Globant (GLOB) is $239.29 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $265.00 to $205.00. This represents a potential 10.10% upside from GLOB's last price of $217.33.

GLOB Analyst Ratings

Buy

According to 18 Wall Street analysts, Globant's rating consensus is 'Buy'. The analyst rating breakdown for GLOB stock is 0 'Strong Buy' (0.00%), 11 'Buy' (61.11%), 7 'Hold' (38.89%), 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
Nov 15, 2024Mayank TandonNeedham$265.00$207.6027.65%21.93%
Oct 29, 2024Dan DolevMizuho Securities$250.00$218.8114.25%15.03%
Sep 19, 2024Daniel FederleBradesco$240.00$193.5524.00%10.43%
Sep 09, 2024Surinder ThindJefferies$240.00$194.9723.10%10.43%
Aug 21, 2024Joseph VafiCanaccord Genuity$205.00$202.741.11%-5.67%
Aug 16, 2024Thomas BlakeyKeyBanc$235.00$194.3720.90%8.13%
Aug 16, 2024Arvind RamnaniPiper Sandler$240.00$194.3723.48%10.43%
May 28, 2024Leonardo OlmosUBS$230.00$166.4938.15%5.83%
May 17, 2024Thomas BlakeyKeyBanc$220.00$177.7323.78%1.23%
May 17, 2024Arvind RamnaniPiper Sandler$238.00$165.7143.62%9.51%
May 17, 2024Mayank TandonNeedham$200.00$177.7312.53%-7.97%
May 17, 2024Joseph VafiCanaccord Genuity$175.00$177.73-1.54%-19.48%
May 10, 2024Divya GoyalScotiabank$200.00$173.1815.49%-7.97%
Mar 18, 2024Jonathan LeeGuggenheim$250.00$207.0220.76%15.03%
Nov 17, 2023Arvind RamnaniPiper Sandler$218.00$203.087.35%0.31%
May 19, 2023Mayank TandonNeedham$205.00$151.6635.17%-5.67%
Jan 06, 2023Piper Sandler$204.00$160.1527.38%-6.13%
Nov 18, 2022Cowen & Co.$207.00$174.9618.31%-4.75%

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 21.93% increase from GLOB last price ($217.33).

Globant Price Target by Period

1M3M12M
# Anlaysts-214
Avg Price Target-$257.50$227.71
Last Closing Price$217.33$217.33$217.33
Upside/Downside-100.00%18.48%4.78%

In the current month, the average price target of Globant stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Globant's last price of $217.33. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 17, 2024SusquehannaPositiveInitialise
Nov 15, 2024NeedhamBuyBuyHold
Nov 15, 2024CFRABuyBuyHold
Sep 19, 2024BradescoOutperformInitialise
Sep 11, 2024Cowen & Co.BuyBuyHold
Sep 09, 2024JefferiesBuyBuyHold
Sep 06, 2024ScotiabankUnderperformUnderperformHold
Sep 06, 2024UBSSector PerformSector PerformHold
Aug 21, 2024Deutsche BankHoldInitialise
Aug 21, 2024ScotiabankSector PerformSector PerformHold
Aug 21, 2024Canaccord GenuityHoldHoldHold
Aug 20, 2024UBSSector PerformNeutralDowngrade
Aug 16, 2024UBSSector PerformSector PerformHold
Aug 16, 2024ScotiabankUnderperformUnderperformHold
Aug 16, 2024Piper SandlerNeutralNeutralHold
Aug 16, 2024Telsey AdvisoryOutperformOutperformHold
Aug 16, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 16, 2024Wells FargoOverweightUpgrade
Aug 16, 2024Cowen & Co.BuyBuyHold
Aug 16, 2024KeyBancOverweightOverweightHold
Aug 16, 2024Piper SandlerOverweightOverweightHold
Jul 29, 2024ScotiabankSector PerformSector PerformHold
Jul 12, 2024UBSUnderperformUnderperformHold
Jul 12, 2024WedbushSector PerformSector PerformHold
Jul 12, 2024CitigroupBuyBuyHold
Jun 24, 2024Goldman SachsBuyInitialise
Jun 13, 2024WedbushSector PerformSector PerformHold
May 28, 2024UBSBuyUpgrade
May 17, 2024KeyBancOverweightOverweightHold
May 17, 2024Piper SandlerOverweightOverweightHold
May 17, 2024Cowen & Co.BuyBuyHold
May 17, 2024NeedhamBuyBuyHold
May 17, 2024ScotiabankSector PerformSector PerformHold
May 10, 2024WedbushSector PerformSector PerformHold
May 10, 2024ScotiabankSector PerformDowngrade
Apr 22, 2024WedbushBuyBuyHold
Mar 19, 2024WedbushBuyBuyHold
Feb 16, 2024Piper SandlerOverweightOverweightHold
Jan 17, 2024WedbushBuyBuyHold
Dec 15, 2023Piper SandlerOverweightOverweightHold
Nov 17, 2023NeedhamBuyBuyHold
Nov 17, 2023Telsey AdvisoryOverweightUpgrade
Nov 17, 2023Piper SandlerOverweightOverweightHold
May 19, 2023JefferiesOverweightOverweightHold
May 19, 2023Piper SandlerOverweightOverweightHold
Apr 12, 2023NeedhamBuyInitialise
Jan 06, 2023Piper SandlerOverweightOverweightHold
Nov 18, 2022Cowen & Co.OutperformOutperformHold
Aug 19, 2022Cowen & Co.OutperformOutperformHold
Aug 19, 2022Piper SandlerOverweightOverweightHold
Apr 26, 2022Zacks Investment ResearchHoldDowngrade
Feb 18, 2022Piper SandlerOverweightOverweightHold

Globant's last stock rating was published by Susquehanna on Dec 17, 2024. The company Initialise its GLOB rating from "null" to "Positive".

Globant Financial Forecast

Globant Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 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 20
Revenue-------------------$472.42M$490.72M$458.88M$429.26M$401.38M$379.82M$341.83M$305.26M$270.17M$232.64M$207.22M
Avg Forecast$974.74M$920.64M$878.71M$839.25M$852.47M$805.33M$767.29M$734.50M$732.62M$704.81M$671.44M$646.34M$645.44M$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
High Forecast$984.69M$930.04M$887.68M$847.81M$861.17M$813.55M$775.12M$742.00M$740.10M$712.01M$678.29M$650.97M$647.13M$620.87M$586.86M$570.73M$581.19M$547.66M$501.55M$475.87M$494.92M$457.06M$426.22M$397.41M$359.44M$326.80M$285.80M$259.67M$222.97M$203.76M
Low Forecast$961.89M$908.50M$867.13M$828.18M$841.23M$794.71M$757.17M$724.82M$722.96M$695.52M$662.59M$638.73M$644.73M$606.50M$586.77M$570.73M$578.74M$539.05M$489.93M$464.86M$483.46M$457.06M$426.22M$397.41M$359.44M$326.80M$285.80M$259.67M$222.97M$203.76M
# Analysts85487447533910545711510644755107516
Surprise %-------------------1.00%1.00%1.00%1.01%1.01%1.06%1.05%1.07%1.04%1.04%1.02%

Globant's average Quarter revenue forecast for Jun 23 based on 5 analysts is $496.48M, with a low forecast of $489.93M, and a high forecast of $501.55M. 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 27Sep 27Jun 27Mar 27Dec 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 20
# Analysts85487447533910545711510644755107516
EBITDA-------------------$55.48M$60.08M$51.39M$51.96M$52.38M$39.72M$35.23M$28.64M$47.24M$29.21M$18.45M
Avg Forecast$167.44M$158.14M$150.94M$144.16M$146.44M$138.34M$131.80M$126.17M$125.85M$121.07M$115.34M$111.03M$110.87M$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
High Forecast$169.15M$159.76M$152.48M$145.63M$147.93M$139.75M$133.15M$127.46M$127.13M$122.31M$116.51M$111.82M$111.16M$106.65M$100.81M$71.66M$99.84M$94.08M$86.15M$65.14M$51.52M$61.29M$57.16M$59.22M$48.20M$43.82M$38.33M$54.56M$29.90M$27.33M
Low Forecast$165.23M$156.06M$148.95M$142.26M$144.50M$136.51M$130.06M$124.51M$124.19M$119.47M$113.82M$109.72M$110.75M$104.18M$100.79M$47.77M$99.41M$92.60M$84.16M$43.43M$34.35M$61.29M$57.16M$39.48M$48.20M$43.82M$38.33M$36.38M$29.90M$27.33M
Surprise %-------------------1.02%1.40%0.84%0.91%1.06%0.82%0.80%0.75%1.04%0.98%0.68%

5 analysts predict GLOB's average Quarter EBITDA for Jun 23 to be $85.28M, with a high of $86.15M and a low of $84.16M. This is 53.72% upper than Globant's previous annual EBITDA (Mar 23) of $55.48M.

Globant Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 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 20
# Analysts85487447533910545711510644755107516
Net Income-------------------$36.42M$39.42M$36.10M$37.09M$36.62M$29.13M$25.61M$19.95M$21.67M$18.69M$12.34M
Avg Forecast$122.89M$118.72M$106.39M$97.69M$106.43M$100.33M$93.16M$85.48M$88.14M$85.39M$78.45M$73.71M$77.05M$72.21M$66.59M$41.93M$71.41M$65.88M$60.00M$38.12M$29.61M$55.86M$53.25M$34.65M$45.06M$41.25M$37.30M$20.85M$29.95M$25.70M
High Forecast$124.52M$120.30M$107.80M$98.99M$107.85M$101.66M$94.40M$86.62M$89.31M$86.53M$79.49M$75.46M$78.82M$74.07M$66.71M$50.32M$72.74M$69.02M$60.80M$45.74M$35.53M$56.09M$54.31M$41.58M$45.06M$41.25M$37.30M$25.03M$29.95M$25.70M
Low Forecast$120.78M$116.69M$104.57M$96.02M$104.61M$98.61M$91.56M$84.02M$86.63M$83.93M$77.10M$71.95M$76.60M$70.36M$66.47M$33.55M$70.52M$63.20M$58.97M$30.50M$23.69M$55.63M$52.20M$27.72M$45.06M$41.25M$37.30M$16.68M$29.95M$25.70M
Surprise %-------------------0.96%1.33%0.65%0.70%1.06%0.65%0.62%0.53%1.04%0.62%0.48%

Globant's average Quarter net income forecast for Jun 23 is $60.00M, with a range of $58.97M to $60.80M. GLOB's average Quarter net income forecast represents a 64.75% increase compared to the company's last Quarter net income of $36.42M (Mar 23).

Globant SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 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 20
# Analysts85487447533910545711510644755107516
SG&A-------------------$119.36M$123.80M$119.21M$111.68M$101.64M$20.21M$89.27M$82.21M$54.02M$6.59M$53.80M
Avg Forecast$242.28M$228.83M$218.41M$208.60M$211.89M$200.17M$190.71M$182.57M$182.10M$175.19M$166.89M$160.65M$160.43M$152.76M$145.86M$116.37M$144.01M$135.48M$123.40M$105.79M$101.28M$113.56M$105.90M$96.17M$89.31M$81.19M$71.01M$51.99M$55.40M$50.63M
High Forecast$244.75M$231.17M$220.64M$210.73M$214.05M$202.21M$192.66M$184.43M$183.96M$176.97M$168.59M$161.80M$160.85M$154.32M$145.87M$139.64M$144.46M$136.13M$124.66M$126.95M$121.53M$113.56M$105.90M$115.41M$89.31M$81.19M$71.01M$62.39M$55.40M$50.63M
Low Forecast$239.08M$225.82M$215.53M$205.85M$209.09M$197.53M$188.20M$180.16M$179.70M$172.88M$164.69M$158.76M$160.25M$150.75M$145.85M$93.10M$143.85M$133.98M$121.78M$84.63M$81.02M$113.56M$105.90M$76.94M$89.31M$81.19M$71.01M$41.59M$55.40M$50.63M
Surprise %-------------------1.13%1.22%1.05%1.05%1.06%0.23%1.10%1.16%1.04%0.12%1.06%

Globant's average Quarter SG&A projection for Jun 23 is $123.40M, based on 5 Wall Street analysts, with a range of $121.78M to $124.66M. The forecast indicates a 3.39% rise compared to GLOB last annual SG&A of $119.36M (Mar 23).

Globant EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 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 20
# Analysts85487447533910545711510644755107516
EPS-------------------$0.86$0.93$0.86$0.89$0.88$0.70$0.61$0.49$0.54$0.47$0.31
Avg Forecast$2.77$2.67$2.39$2.20$2.39$2.26$2.10$1.92$1.98$1.92$1.77$1.66$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
High Forecast$2.80$2.71$2.43$2.23$2.43$2.29$2.12$1.95$2.01$1.95$1.79$1.70$1.77$1.67$1.50$1.55$1.64$1.55$1.37$1.29$1.39$1.27$1.23$1.16$1.02$0.93$0.84$0.80$0.68$0.58
Low Forecast$2.72$2.63$2.35$2.16$2.35$2.22$2.06$1.89$1.95$1.89$1.73$1.62$1.72$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
Surprise %-------------------0.68%0.68%0.68%0.74%0.76%0.69%0.66%0.58%0.67%0.70%0.53%

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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
TTECTTEC$4.85$35.67635.46%Hold
CLVTClarivate$5.06$14.33183.20%Buy
CNXCConcentrix$42.94$75.0074.66%Buy
CDWCDW$173.35$245.0041.33%Buy
CACICACI$402.23$525.1430.56%Buy
WNSWNS$46.90$58.3324.37%Buy
JKHYJack Henry & Associates$175.08$200.5014.52%Buy
INFYInfosys$22.10$25.0013.12%Hold
GLOBGlobant$217.33$239.2910.10%Buy
ACNAccenture$352.49$383.338.75%Buy
CTSHCognizant Technology Solutions$76.75$82.297.22%Hold
ASGNASGN$83.47$88.005.43%Buy
IBMInternational Business Machines$220.25$227.323.21%Hold
TASKTaskUs$16.80$17.333.15%Hold
GGenpact$42.64$43.672.42%Hold
BRBroadridge Financial Solutions$225.50$230.002.00%Hold
EPAMEPAM Systems$234.68$237.000.99%Buy
EXLSExlService$44.26$39.00-11.88%Buy

GLOB Forecast FAQ

Is Globant a good buy?

Yes, according to 18 Wall Street analysts, Globant (GLOB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 61.11% of GLOB's total ratings.

What is GLOB's price target?

Globant (GLOB) average price target is $239.29 with a range of $205 to $265, implying a 10.10% from its last price of $217.33. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Globant stock go up soon?

According to Wall Street analysts' prediction for GLOB stock, the company can go up by 10.10% (from the last price of $217.33 to the average price target of $239.29), up by 21.93% based on the highest stock price target, and down by -5.67% based on the lowest stock price target.

Can Globant stock reach $300?

GLOB's average twelve months analyst stock price target of $239.29 does not support the claim that Globant can reach $300 in the near future.

What are Globant's analysts' financial forecasts?

Globant's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.16B (high $3.19B, low $3.12B), average EBITDA is $542.75M (high $548.29M, low $535.59M), average net income is $385.41M (high $390.52M, low $378.8M), average SG&A $785.34M (high $793.36M, low $774.99M), and average EPS is $8.67 (high $8.79, low $8.52). GLOB's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $3.61B (high $3.65B, low $3.57B), average EBITDA is $620.69M (high $627.02M, low $612.51M), average net income is $445.7M (high $451.61M, low $438.06M), average SG&A $898.12M (high $907.29M, low $886.28M), and average EPS is $10.03 (high $10.16, low $9.86).

Did the GLOB's actual financial results beat the analysts' financial forecasts?

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%