
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant demonstrated a robust performance with an organic constant currency revenue growth of approximately 8.5% year-over-year, supported by a significant contribution of over $350 million from AI-related projects, which saw a remarkable 110% increase year-over-year. Additionally, the company experienced a sequential growth in billable headcount of 4.6%, driven by a combination of mergers and acquisitions as well as organic hiring, while maintaining a healthy deal pipeline across key markets, including the US, Europe, and emerging regions such as the Middle East. Overall, Globant is well-positioned for sustained growth by expanding its customer base and deepening relationships with existing clients, indicating the potential for accelerated growth rates in the near future.
Bears say
Globant's recent financial performance indicates a troubling trend, with declines noted in key sectors such as media and entertainment, which are forecasted to place pressure on the company's fundamentals for several quarters. Furthermore, the company has adjusted its guidance for FY25 downward, citing foreign exchange headwinds and economic uncertainty in Latin America, impacting client spending and decision-making. The combination of below-trend organic growth and a valuation approaching 10-year lows suggests significant challenges ahead for Globant's stock performance.
This aggregate rating is based on analysts' research of Globant and is not a guaranteed prediction by Public.com or investment advice.
Globant (GLOB) Analyst Forecast & Price Prediction
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