Analyst Scoreboard: 12 Ratings For Globant
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Globant (NYSE:GLOB), with 12 ratings over the last three months showing a range from bullish to indifferent. The average 12-month price target is $262.42, reflecting a slight increase from the previous target. Analyst actions include adjustments to ratings and price targets, with several analysts raising their targets while others maintain or lower them. Globant's financial performance shows strong revenue growth and asset management but challenges in profitability and equity utilization. The company's market capitalization is below the industry average, indicating it is smaller compared to peers.
April 22, 2024 | 7:01 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on Globant, with recent adjustments in ratings and price targets. The company shows strong revenue growth but faces challenges in profitability and equity utilization.
The mixed analyst ratings and the slight increase in the average price target suggest a cautious optimism towards Globant's future performance. The strong revenue growth indicates potential, but challenges in profitability and below-average market capitalization may temper short-term gains. The detailed analyst actions, including both upgrades and downgrades, reflect a nuanced view of the company's prospects, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100