These Analysts Revise Their Forecasts On Globant After Q3 Results
Portfolio Pulse from Lisa Levin
Globant S.A. (NYSE:GLOB) reported Q3 earnings of $1.48 per share, surpassing estimates by $0.01, and sales of $545.28 million, slightly above the $545.23 million estimate. Shares rose 11.1% to $203.45. Analysts at Piper Sandler, Keybanc, and Needham revised their price targets for Globant following the earnings report, with Piper Sandler and Needham increasing their targets, while Keybanc decreased theirs, but all maintained positive ratings.
November 17, 2023 | 5:41 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Globant's Q3 earnings beat and positive sales figures led to an 11.1% stock price increase. Analysts have updated their price targets with Piper Sandler and Needham raising their targets, while Keybanc slightly lowered theirs, yet all maintain positive outlooks.
The positive earnings report and the subsequent increase in stock price indicate strong performance and investor confidence. The adjustments in price targets by analysts, despite being mixed, all suggest a continued positive outlook, which is likely to support the stock's momentum in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100