
Globant (GLOB) Stock Forecast & Price Target
Globant (GLOB) Analyst Ratings
Bulls say
Globant's organic constant currency revenue increased by approximately 8.5% year-over-year, highlighting the company's solid growth trajectory. The significant contribution of AI-related projects, which generated over $350 million in revenue for FY24—marking a 110% increase year-over-year—exemplifies Globant's strong positioning in emerging technologies, despite representing only about 15% of total revenue. Furthermore, the acceleration in billable headcount growth by 4.6% quarter-over-quarter, supported by a healthy deal pipeline in the US and Europe, underscores the company's potential for further market share expansion and robust performance in various industry verticals.
Bears say
Globant's financial outlook is negatively impacted by a decline in growth across key sectors, particularly media and entertainment, which have faced tough comparisons and client ramp-downs. The company's forward guidance for FY25 fell short of expectations, influenced by foreign exchange headwinds and political uncertainties in Latin America that are affecting client spending decisions. Furthermore, Globant's organic growth has underperformed historical trends, justifying a discounted valuation as the stock trades near a decade low multiple, compounded by anticipated pressure on fundamentals for several quarters ahead.
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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