UBS Maintains Neutral on Globant, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Leonardo Olmos maintains a Neutral rating on Globant (NYSE:GLOB) and raises the price target from $230 to $240.
February 26, 2024 | 3:04 pm
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POSITIVE IMPACT
UBS has maintained a Neutral rating on Globant and increased the price target from $230 to $240.
The increase in price target by UBS suggests a positive outlook on Globant's stock value in the short term. Although the rating remains Neutral, the adjustment in price target indicates an expectation of stock performance improvement, which could lead to increased investor interest and potentially a rise in stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90