JP Morgan Maintains Overweight on Globant, Lowers Price Target to $257
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains an Overweight rating on Globant (NYSE:GLOB) but lowers the price target from $273 to $257.

May 02, 2024 | 4:28 pm
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JP Morgan maintains an Overweight rating on Globant but lowers the price target from $273 to $257.
The adjustment in price target by JP Morgan reflects a recalibration of expectations for Globant, possibly due to market conditions or company performance. While the Overweight rating indicates continued confidence in the company's prospects, the reduced price target suggests a tempered outlook on its valuation. This could lead to short-term price adjustments as investors recalibrate their expectations based on this new analyst target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100