
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant's positive outlook is supported by its sequential revenue growth of 0.5% in the third quarter, reaching $617.1 million, which exceeded both the company's estimate and consensus expectations. The company's strategic focus on key verticals, particularly media and entertainment, as well as its ability to gain market share through new customer acquisitions and deeper relationships with existing clients, indicates a robust demand for its services. Furthermore, forecasts for FY25 suggest an increase in revenue to at least $2.447 billion, reflecting a slight enhancement from previous estimates and paving the way for a potential acceleration in growth leading into FY26.
Bears say
Globant is currently facing significant demand challenges within the IT services industry, leading to a 3.5% decline in billable headcount quarter-over-quarter as the company shifts focus towards efficiency through a business optimization plan. The overall growth outlook remains subdued, with flat performance in North America, minimal growth in Latin America, and a slight decline in Europe, signaling potential revenue pressures. Furthermore, the company's projected earnings per share (EPS) appears to be declining, with expected EPS falling below market consensus, while unfavorable currency movements may further negatively impact financial results.
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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