Keybanc Maintains Overweight on Globant, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Thomas Blakey maintains an Overweight rating on Globant (NYSE:GLOB) but lowers the price target from $272 to $220.
May 17, 2024 | 9:49 am
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Keybanc analyst Thomas Blakey maintains an Overweight rating on Globant but lowers the price target from $272 to $220. This suggests that while the analyst remains positive on the stock, there are concerns that may limit its upside potential in the short term.
The Overweight rating indicates continued confidence in Globant's performance, but the lowered price target suggests some caution regarding its near-term growth prospects. Investors might see this as a mixed signal, leading to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100