Needham Maintains Buy on Globant, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon has reaffirmed a Buy rating on Globant (NYSE:GLOB) and increased the price target from $215 to $275.
January 26, 2024 | 11:59 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham analyst Mayank Tandon maintains a Buy rating on Globant and raises the price target to $275, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100