Canaccord Genuity Maintains Hold on Globant, Raises Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained a Hold rating on Globant (NYSE:GLOB) while raising the price target from $175 to $205, indicating a positive outlook on the company's stock.
August 21, 2024 | 2:44 pm
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Canaccord Genuity has maintained a Hold rating on Globant, but raised the price target from $175 to $205, suggesting a more optimistic view on the stock's potential.
The increase in the price target from $175 to $205 by Canaccord Genuity suggests a more positive outlook on Globant's future performance. Although the Hold rating remains, the higher price target indicates potential for stock appreciation, which could positively influence investor sentiment and short-term stock price.
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