GlobantGLOB
GLOB
About: Globant is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2003 in Argentina but is currently headquartered in Luxembourg and primarily serves clients in the US and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.
Employees: 31,280
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
122% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 32
33% more funds holding in top 10
Funds holding in top 10: 6 [Q3] → 8 (+2) [Q4]
24% more call options, than puts
Call options by funds: $12.8M | Put options by funds: $10.3M
12% more capital invested
Capital invested by funds: $8.1B [Q3] → $9.06B (+$967M) [Q4]
8% more funds holding
Funds holding: 369 [Q3] → 399 (+30) [Q4]
3.21% more ownership
Funds ownership: 94.5% [Q3] → 97.71% (+3.21%) [Q4]
4% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 139
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$140
19%
upside
Avg. target
$182
54%
upside
High target
$242
106%
upside
7 analyst ratings
4 positive
57%
3 neutral
43%
0 negative
0%
Scotiabank Divya Goyal 25% 1-year accuracy 1 / 4 met price target | 19%upside $140 | Sector Perform Maintained | 29 Apr 2025 |
Susquehanna James Friedman 40% 1-year accuracy 25 / 62 met price target | 36%upside $160 | Positive Maintained | 23 Apr 2025 |
Piper Sandler Arvind Ramnani 41% 1-year accuracy 28 / 69 met price target | 31%upside $154 | Overweight Maintained | 16 Apr 2025 |
Needham Mayank Tandon 37% 1-year accuracy 42 / 114 met price target | 87%upside $220 | Buy Reiterated | 12 Mar 2025 |
UBS Leonardo Olmos 25% 1-year accuracy 1 / 4 met price target | 62%upside $190 | Neutral Maintained | 26 Feb 2025 |
Financial journalist opinion
Based on 5 articles about GLOB published over the past 30 days
Negative
Seeking Alpha
3 hours ago
Globant: AI Growth Tempered By Cost-Takeout And LatAm Headwinds
Globant sees promising growth in AI services, contributing $350M in 2024 revenue, but faces client focus on cost-takeout over transformation projects. Despite strong growth rates in AI and regional expansion, Globant's stock dropped 35% in the past year, starkly underperforming the S&P Software & Services ETF. The company's capital allocation strategy lacks clarity, with increasing dilution from stock-based compensation.
Neutral
PRNewsWire
5 hours ago
Globant to support YPF in the acceleration of its digital transformation by applying artificial intelligence
BUENOS AIRES, Argentina , April 30, 2025 /PRNewswire/ -- Horacio Marín, President and CEO of YPF -leading energy company of Argentina and largest shale oil operator in the world outside the United States- and Martín Migoya, Co-founder and CEO of Globant -a digitally native company focused on reinventing businesses through innovative technology solutions- have signed a Memorandum of Understanding (MoU) that marks a significant milestone in the transformation of YPF's Supply Chain operations. "This alliance supports the work we are doing at YPF to become increasingly efficient.
Positive
Zacks Investment Research
2 weeks ago
GLOB & GOOGL Forge Alliance to Propel AI Innovation Across Industries
Globant's partnership with Google Cloud is poised to empower organizations across a broad spectrum of industries with cutting-edge, AI-driven solutions.
Neutral
PRNewsWire
3 weeks ago
Globant Signs Strategic Partner Agreement with Google Cloud to Facilitate AI and Cloud Transformations
Globant's strategic cooperation with Google Cloud delivers industry-specific solutions tailored to the needs of the Media & Entertainment, Retail, Healthcare, and Finance & Banking sectors. NEW YORK , April 9, 2025 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, has announced a Strategic Partner Agreement with Google Cloud to help more customers utilize the efficiency and scalability of Google Cloud technologies.
Neutral
PRNewsWire
3 weeks ago
Globant Wins 2025 Google Cloud Country Partner of the Year Award in Argentina and Talent Development Partner of the Year for Latin America
The awards recognize Globant's expertise leveraging Google Cloud services and solutions in Argentina, as well as its commitment to growing and promoting Globant's cloud skills in Latin America SAN FRANCISCO , April 8, 2025 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced that it has received the 2025 Google Cloud Country Partner of the Year Award for Argentina and the Talent Development Partner of the Year Award for Latin America. This marks the second year in a row that Globant has received the Talent Development Partner of the Year - Latin America recognition.
Neutral
PRNewsWire
1 month ago
Globant to Hold its Annual General Meeting of Shareholders on April 30, 2025
LUXEMBOURG , March 28, 2025 /PRNewswire/ -- Globant S.A. (NYSE: GLOB) (the "Company"), a digitally native technology services company focused on creating digital journeys, announces that its Annual General Meeting of Shareholders (the "General Meeting") is to be held on April 30, 2025.
Positive
Zacks Investment Research
1 month ago
Globant Transforms Racing by Powering Formula 1's 2025 Content System
GLOB unveils the Team Content Delivery System for the 2025 Formula 1, enhancing the sport's digital landscape.
Neutral
PRNewsWire
1 month ago
Every second counts: Formula 1 Implements Globant's New Team Content Delivery System in 2025, revolutionizing the racing experience
This cutting-edge development aims to enhance the competitive experience of a sport that challenges race teams to perform at their highest potential. Designed with next-generation technology, the Team Content Delivery System focuses on responsiveness and usability facilitating quicker and more informed decision-making during critical race moments.
Neutral
PRNewsWire
1 month ago
Globant Revolutionizes Immersive Entertainment, Showcased at Intuit Dome
LA Clippers partner with Globant on Intuit Dome technology project that powers fan experience for the 400,000+ fans who have entered Intuit Dome in its first six months LOS ANGELES , March 6, 2025 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced the impact of its work to innovate the fan experience at the LA Clippers' Intuit Dome in Inglewood, California, creating a roadmap for the smart stadium revolution happening globally. "When Steve Ballmer set out to build the most innovative arena for the LA Clippers, it was clear that technology expertise had to be at the core of Intuit Dome's development, design and deployment," said George Hanna, Chief Technology & Digital Officer at the Los Angeles Clippers.
Neutral
PRNewsWire
2 months ago
Globant Files Annual Report for 2024
LUXEMBOURG , Feb. 28, 2025 /PRNewswire/ -- Globant S.A. (NYSE: GLOB), a digitally native technology services company (the "Company"), announced today that it filed its annual report on Form 20-F for the year ended December 31, 2024 (the "2024 Annual Report") with the U.S. Securities and Exchange Commission ("SEC").
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