Piper Sandler Reiterates Overweight on Globant, Lowers Price Target to $238
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Arvind Ramnani has reiterated an Overweight rating on Globant (NYSE:GLOB) but has lowered the price target from $290 to $238.
May 17, 2024 | 9:12 am
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Piper Sandler has reiterated an Overweight rating on Globant but lowered the price target from $290 to $238.
The reiteration of the Overweight rating is positive, indicating continued confidence in the stock. However, the lowered price target suggests a more cautious outlook on the stock's potential upside, which could neutralize the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100