JPMorgan Chase & Co. reissued their overweight rating on shares of Globant (NYSE:GLOB) in a research report released on Tuesday, February 20th. The brokerage currently has a $54.00 price target on the information technology services provider’s stock, up from their previous price target of $50.00.
GLOB has been the subject of a number of other reports. Zacks Investment Research upgraded Globant from a sell rating to a hold rating in a research note on Wednesday, November 15th. Cantor Fitzgerald reiterated a neutral rating and issued a $36.00 price target (down from $42.00) on shares of Globant in a research note on Friday, November 17th. KeyCorp restated a hold rating on shares of Globant in a research note on Friday, November 3rd. Finally, BidaskClub cut Globant from a hold rating to a sell rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $49.57.
Globant (NYSE:GLOB) traded down $0.45 on Tuesday, hitting $53.05. The stock had a trading volume of 158,260 shares, compared to its average volume of 253,473. Globant has a fifty-two week low of $33.56 and a fifty-two week high of $54.84. The company has a market cap of $1,910.84, a P/E ratio of 60.83 and a beta of 0.51.
Globant Company Profile
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
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