UBS Downgrades Globant to Neutral, Raises Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Leonardo Olmos has downgraded Globant (NYSE:GLOB) from Buy to Neutral, while raising the price target from $225 to $235.
August 20, 2024 | 11:06 am
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NEUTRAL IMPACT
UBS has downgraded Globant from Buy to Neutral, indicating a less bullish outlook, but has raised the price target to $235, suggesting some positive expectations.
The downgrade from Buy to Neutral suggests a less optimistic view on Globant's stock performance, which could lead to a neutral short-term impact on the stock price. However, the raised price target to $235 indicates that there is still some positive expectation for the stock, balancing the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100