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 $223.00 (represents a 15.96% upside from GLOB’s last price of $192.30) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

GLOB Price Target


The average price target for Globant (GLOB) is $223.00 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $250.00 to $200.00. This represents a potential 15.96% upside from GLOB's last price of $192.30.

GLOB Analyst Ratings


Buy

According to 15 Wall Street analysts, Globant's rating consensus is 'Buy'. The analyst rating breakdown for GLOB stock is 0 'Strong Buy' (0.00%), 8 'Buy' (53.33%), 7 'Hold' (46.67%), 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
Sep 09, 2024Surinder ThindJefferies$240.00$194.9723.10%24.80%
Aug 21, 2024Joseph VafiCanaccord Genuity$205.00$202.741.11%6.60%
Aug 16, 2024Thomas BlakeyKeyBanc$235.00$194.3720.90%22.20%
Aug 16, 2024Arvind RamnaniPiper Sandler$240.00$194.3723.48%24.80%
May 28, 2024Leonardo OlmosUBS$230.00$166.4938.15%19.60%
May 17, 2024Thomas BlakeyKeyBanc$220.00$177.7323.78%14.40%
May 17, 2024Arvind RamnaniPiper Sandler$238.00$165.7143.62%23.76%
May 17, 2024Mayank TandonNeedham$200.00$177.7312.53%4.00%
May 17, 2024Joseph VafiCanaccord Genuity$175.00$177.73-1.54%-9.00%
May 10, 2024Divya GoyalScotiabank$200.00$173.1815.49%4.00%
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The latest Globant stock forecast, released on Sep 09, 2024 by Surinder Thind from Jefferies, set a price target of $240.00, which represents a 23.10% increase from the stock price at the time of the forecast ($194.97), and a 24.80% increase from GLOB last price ($192.30).

Globant Price Target by Period


1M3M12M
# Anlaysts2412
Avg Price Target$222.50$230.00$220.92
Last Closing Price$192.30$192.30$192.30
Upside/Downside15.70%19.60%14.88%

In the current month, the average price target of Globant stock is $222.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 15.70% increase as opposed to Globant's last price of $192.30. This month's average price target is down -3.26% compared to last quarter, and up 0.72% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
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
Aug 16, 2024ScotiabankUnderperformUnderperformHold
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Globant's last stock rating was published by Cowen & Co. on Sep 11, 2024. The company gave GLOB a "Buy" rating, the same as its previous rate.

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$749.81M$715.08M$678.30M$652.09M$641.57M$614.69M$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$864.41M$820.39M$781.52M$746.96M$751.36M$716.55M$679.70M$653.43M$642.89M$615.82M$588.03M$571.91M$581.19M$547.66M$497.51M$472.04M$490.93M$458.01M$426.22M$400.92M$362.62M$329.68M$288.33M$261.96M$224.94M$205.56M$181.48M$190.91M$184.78M$172.83M
Low Forecast$860.74M$816.92M$778.21M$743.80M$748.18M$713.52M$676.82M$650.67M$640.17M$613.92M$585.54M$569.49M$578.74M$539.05M$495.40M$470.04M$488.85M$456.07M$426.22M$391.34M$353.96M$321.81M$281.44M$255.71M$219.57M$200.66M$177.15M$186.35M$180.37M$168.70M
# Analysts999988889109471159544348561110101165
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 $495.40M, and a high forecast of $497.51M. 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
# Analysts999988889109471159544348561110101165
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$100.55M$95.89M$90.96M$87.45M$86.04M$82.43M$78.69M$59.71M$77.70M$73.10M$66.58M$54.29M$65.70M$36.67M$57.16M$49.35M$39.03M$33.34M$25.00M$45.47M$28.35M$13.31M$10.41M$28.08M$12.36M$15.03M
High Forecast$115.92M$110.02M$104.80M$100.17M$100.76M$96.09M$91.15M$87.63M$86.21M$82.58M$78.86M$71.66M$77.94M$73.44M$66.72M$65.14M$65.83M$44.01M$57.16M$59.22M$46.84M$40.01M$30.00M$54.56M$34.02M$15.97M$12.49M$33.70M$14.84M$18.03M
Low Forecast$115.43M$109.55M$104.36M$99.74M$100.33M$95.68M$90.76M$87.26M$85.85M$82.33M$78.52M$47.77M$77.61M$72.29M$66.43M$43.43M$65.56M$29.34M$57.16M$39.48M$31.22M$26.67M$20.00M$36.38M$22.68M$10.65M$8.33M$22.47M$9.89M$12.02M
Surprise %---------------1.02%0.91%1.40%0.91%1.06%1.02%1.06%1.15%1.04%1.03%1.39%1.54%1.17%0.34%1.96%

5 analysts predict GLOB's average Quarter EBITDA for Jun 23 to be $66.58M, with a high of $66.72M and a low of $66.43M. 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
# Analysts999988889109471159544348561110101165
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$90.04M$84.68M$79.33M$74.41M$76.50M$71.89M$66.36M$41.93M$71.17M$65.66M$59.80M$38.12M$60.94M$26.66M$52.99M$34.65M$26.92M$24.23M$17.41M$20.85M$18.14M$11.91M$9.39M$12.96M$12.79M$14.58M
High Forecast$90.88M$85.93M$81.63M$73.94M$90.28M$84.91M$79.54M$74.61M$76.71M$74.08M$66.54M$50.32M$72.49M$68.79M$59.96M$45.74M$61.11M$31.99M$52.99M$41.58M$32.30M$29.08M$20.90M$25.03M$21.77M$14.30M$11.27M$15.55M$15.35M$17.49M
Low Forecast$90.38M$85.46M$81.18M$73.53M$89.78M$84.44M$79.10M$74.20M$76.28M$71.01M$66.18M$33.55M$70.28M$62.98M$59.63M$30.50M$60.77M$21.33M$52.99M$27.72M$21.53M$19.39M$13.93M$16.68M$14.51M$9.53M$7.51M$10.37M$10.23M$11.66M
Surprise %---------------0.96%0.65%1.35%0.70%1.06%1.08%1.06%1.15%1.04%1.03%1.04%1.07%1.02%1.05%1.03%

Globant's average Quarter net income forecast for Jun 23 is $59.80M, with a range of $59.63M to $59.96M. 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
# Analysts999988889109471159544348561110101165
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$186.30M$177.66M$168.53M$162.01M$159.40M$152.72M$145.80M$116.37M$143.95M$135.43M$123.35M$105.79M$121.72M$92.92M$105.90M$96.17M$92.07M$84.47M$71.77M$51.99M$60.15M$51.94M$46.48M$51.05M$47.04M$42.35M
High Forecast$214.77M$203.83M$194.17M$185.59M$186.68M$178.03M$168.87M$162.35M$159.73M$153.00M$146.10M$139.64M$144.40M$136.07M$123.61M$126.95M$121.97M$111.50M$105.90M$115.41M$110.48M$101.36M$86.12M$62.39M$72.18M$62.33M$55.78M$61.26M$56.45M$50.82M
Low Forecast$213.86M$202.97M$193.35M$184.80M$185.89M$177.28M$168.16M$161.66M$159.05M$152.53M$145.48M$93.10M$143.79M$133.93M$123.08M$84.63M$121.46M$74.33M$105.90M$76.94M$73.66M$67.58M$57.41M$41.59M$48.12M$41.55M$37.19M$40.84M$37.63M$33.88M
Surprise %---------------1.13%1.02%1.28%1.05%1.06%0.22%1.06%1.15%1.04%0.11%1.04%1.07%0.76%0.05%1.02%

Globant's average Quarter SG&A projection for Jun 23 is $123.35M, based on 5 Wall Street analysts, with a range of $123.08M to $123.61M. 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
# Analysts999988889109471159544348561110101165
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$2.03$1.91$1.79$1.68$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$2.05$1.94$1.84$1.67$2.04$1.92$1.80$1.68$1.73$1.67$1.50$1.53$1.64$1.55$1.35$1.27$1.38$1.26$1.20$1.18$1.03$0.94$0.85$0.81$0.68$0.59$0.49$0.63$0.62$0.60
Low Forecast$2.04$1.93$1.83$1.66$2.03$1.91$1.79$1.68$1.72$1.60$1.49$1.52$1.59$1.42$1.35$1.27$1.37$1.26$1.20$1.14$1.00$0.91$0.83$0.79$0.66$0.57$0.47$0.61$0.60$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%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$4.31$35.67727.61%Buy
TASKTaskUs$12.82$28.00118.41%Hold
CLVTClarivate$6.64$14.33115.81%Buy
CNXCConcentrix$64.42$117.6782.66%Hold
EPAMEPAM Systems$200.40$329.1864.26%Buy
WNSWNS$55.70$87.1756.50%Buy
FISVFiserv$114.23$133.1116.53%Buy
GLOBGlobant$192.30$223.0015.96%Buy
ACNAccenture$337.04$367.699.09%Buy
JKHYJack Henry & Associates$175.69$191.609.06%Buy
GGenpact$38.55$41.678.09%Hold
ASGNASGN$92.51$99.007.02%Hold
CDWCDW$223.32$229.752.88%Buy
CTSHCognizant Technology Solutions$76.22$74.73-1.95%Hold
CACICACI$485.00$447.50-7.73%Buy
INFYInfosys$22.97$20.33-11.49%Hold
IBMInternational Business Machines$214.13$183.19-14.45%Buy
BRBroadridge Financial Solutions$210.96$176.00-16.57%Buy
EXLSExlService$36.12$28.30-21.65%Buy

GLOB Forecast FAQ


Yes, according to 15 Wall Street analysts, Globant (GLOB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 53.33% of GLOB's total ratings.

Globant (GLOB) average price target is $223 with a range of $200 to $250, implying a 15.96% from its last price of $192.3. The data is based on 15 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 15.96% (from the last price of $192.3 to the average price target of $223), up by 30.01% based on the highest stock price target, and up by 4.00% based on the lowest stock price target.

GLOB's average twelve months analyst stock price target of $223 does not support the claim that Globant can reach $300 in the near future.

2 Wall Street analysts forecast a $222.5 price target for Globant (GLOB) this month, up 15.70% from its last price of $192.3. Compared to the last 3 and 12 months, the average price target increased by 19.60% and increased by 14.88%, respectively.

Globant's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.8B (high $2.8B, low $2.79B), average EBITDA is $374.85M (high $375.63M, low $374.03M), average net income is $328.46M (high $329.34M, low $327.53M), average SG&A $694.5M (high $695.94M, low $692.99M), and average EPS is $7.42 (high $7.44, 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 $3.2B), average EBITDA is $430.02M (high $430.91M, low $429.08M), average net income is $331.48M (high $332.37M, low $330.54M), average SG&A $796.71M (high $798.36M, low $794.97M), and average EPS is $7.48 (high $7.5, low $7.46).

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 $208.88M by 3.31%. The company's net income was $149.48M, missing the average estimation of $175.24M by -14.70%. Apple's SG&A was $456.32M, beating the average forecast of $416.71M by 9.51%. 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%