TD Cowen Maintains Outperform on Globant, Lowers Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bryan Bergin maintains an Outperform rating on Globant (NYSE:GLOB), but has lowered the price target from $207 to $205.
August 18, 2023 | 2:37 pm
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TD Cowen has maintained an Outperform rating on Globant but lowered the price target from $207 to $205.
The news is directly about Globant and is likely to influence investor sentiment. The Outperform rating is maintained, indicating that the analyst still expects the stock to do better than the market average. However, the lowering of the price target might indicate a slightly less optimistic outlook, which could have a neutral to slightly negative impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100