UBS Upgrades Globant to Buy, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Leonardo Olmos has upgraded Globant (NYSE:GLOB) from Neutral to Buy, while lowering the price target from $240 to $230.
May 28, 2024 | 11:27 am
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POSITIVE IMPACT
UBS analyst Leonardo Olmos has upgraded Globant (NYSE:GLOB) from Neutral to Buy, while lowering the price target from $240 to $230. This indicates a positive outlook on the stock despite a slightly reduced price target.
The upgrade from Neutral to Buy suggests that UBS sees strong potential in Globant's future performance. The slight reduction in the price target to $230 from $240 may reflect a more conservative outlook on market conditions or company-specific factors, but overall, the upgrade is a positive signal for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100