Globant Analysts Cut Their Forecasts After Q1 Results
Portfolio Pulse from Avi Kapoor
Globant S.A. (NYSE:GLOB) reported mixed Q1 results, missing EPS estimates but slightly beating revenue expectations. Following the results, several analysts cut their price targets while maintaining positive ratings. Globant's shares fell 0.3% to $177.73.
May 17, 2024 | 12:19 pm
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Globant S.A. reported mixed Q1 results, missing EPS estimates but slightly beating revenue expectations. Analysts from Piper Sandler, Keybanc, and Needham cut their price targets while maintaining positive ratings. Shares fell 0.3% to $177.73.
The mixed Q1 results, particularly the EPS miss, led to a slight decline in share price. The reduction in price targets by multiple analysts, despite maintaining positive ratings, suggests a cautious outlook in the short term.
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IMPORTANCE 80
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