These Analysts Increase Their Forecasts On Globant After Q4 Results
Portfolio Pulse from Avi Kapoor
Globant S.A. (NYSE:GLOB) exceeded Q4 earnings and sales expectations, reporting adjusted earnings of $1.62 per share and quarterly sales of $580.71 million. Following the results, Piper Sandler and Keybanc raised their price targets for Globant, citing the company's resilience, innovation, and expansion into new markets. Globant's shares rose 2.1% to close at $239.11.
February 16, 2024 | 2:04 pm
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Globant reported higher than expected Q4 earnings and sales, leading to a positive adjustment in price targets by Piper Sandler and Keybanc.
The positive earnings report and subsequent analyst upgrades typically signal strong company performance and investor confidence, likely leading to a short-term positive impact on Globant's stock price.
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IMPORTANCE 90
RELEVANCE 100