Keybanc Maintains Overweight Rating for Globant: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Keybanc has maintained its Overweight rating on Globant (NYSE:GLOB) but reduced its price target from $230.00 to $218.00. Globant's shares are currently trading at $183.09, and the new price target suggests a potential upside of 19.07%. Globant is a software technology developer that specializes in creating digital journeys through various software products, mobile apps, and sensors.
November 17, 2023 | 5:00 pm
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Keybanc maintains Overweight rating on Globant with a reduced price target from $230 to $218. The current trading price is $183.09, and the new target implies a 19.07% potential increase.
The maintenance of an Overweight rating by Keybanc indicates a positive outlook on Globant's stock, while the reduction in price target may reflect a more conservative valuation or market conditions. The potential upside of 19.07% is significant and could positively influence investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100