Piper Sandler Maintains Overweight Rating for Globant: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has reaffirmed its Overweight rating on Globant (NYSE:GLOB) and increased its price target from $217.00 to $257.00. Globant's shares have risen 1.61% in the last 24 hours to $239.17. The new price target suggests a potential upside of 7.45%. Globant specializes in digital transformation and custom software creation, serving mainly the U.S. and Latin America, with a focus on media, entertainment, and financial services sectors.
December 15, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Piper Sandler maintains an Overweight rating on Globant and raises the price target to $257, indicating a positive outlook for the stock.
The maintenance of an Overweight rating and an increase in the price target by a reputable analyst firm like Piper Sandler typically signals confidence in the company's future performance. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price. The 7.45% potential upside from the current price level further underscores the positive impact.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100