Citigroup Maintains Buy on Globant, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Arren Cyganovich has reaffirmed a Buy rating on Globant (NYSE:GLOB) and increased the price target from $215 to $275.
January 17, 2024 | 4:00 pm
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Citigroup analyst Arren Cyganovich maintains a Buy rating on Globant and raises the price target from $215 to $275, indicating a positive outlook for the company.
The increase in price target by a reputable analyst like Arren Cyganovich from Citigroup typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price as the market reacts to the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100