Citigroup Maintains Buy on Globant, Lowers Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar maintains a Buy rating on Globant (NYSE:GLOB) but lowers the price target from $235 to $215.

May 17, 2024 | 5:57 pm
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NEUTRAL IMPACT
Citigroup analyst Ashwin Shirvaikar maintains a Buy rating on Globant but lowers the price target from $235 to $215.
The maintained Buy rating suggests continued confidence in Globant's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100