Needham Maintains Buy on Globant, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon maintains a Buy rating on Globant (NYSE:GLOB) but lowers the price target from $275 to $200.
May 17, 2024 | 10:42 am
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NEUTRAL IMPACT
Needham analyst Mayank Tandon maintains a Buy rating on Globant but lowers the price target from $275 to $200.
The Buy rating suggests continued confidence in Globant's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100