Globant (GLOB)

• Market cap: $9.56B
• 1 day: -0.80%
• 5 days: 2.83%
• 1 month: 2.68%
• 3 months: 17.13%
• 6 months: 31.64%
• Year to date: -3.84%
• 1 year: -4.98%
• 5 years: 108.95%
• 10 years: 1,422.27%

About: Globant is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2003 in Argentina but is currently headquartered in Luxembourg and primarily serves clients in the US and Latin America. Globant's client base is relatively concentrated in the media and entertainment and financial services industries.

Employees: 29,998

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

111% more call options, than puts

Call options by funds: $34.3M | Put options by funds: $16.3M

20% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 6 (+1) [Q3]

14% more capital invested

Capital invested by funds: $7.09B [Q2] → $8.1B (+$1B) [Q3]

2.44% more ownership

Funds ownership: 92.04% [Q2] → 94.49% (+2.44%) [Q3]

7% less repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 133

4% less funds holding

Funds holding: 381 [Q2] → 367 (-14) [Q3]

22% less first-time investments, than exits

New positions opened: 49 | Existing positions closed: 63

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $205 7% downside
• Avg. target: $240 8% upside
• High target: $265 20% upside

8 analyst ratings

• positive: 6 75%
• neutral: 2 25%
• negative: 0 0%

Susquehanna James Friedman 67% 1-year accuracy 42 / 63 met price target	15% upside $255	Positive Initiated	17 Dec 2024
Scotiabank Divya Goyal 63% 1-year accuracy 5 / 8 met price target	1% downside $220	Sector Perform Maintained	19 Nov 2024
Canaccord Genuity Joseph Vafi 70% 1-year accuracy 58 / 83 met price target	7% downside $205	Hold Maintained	18 Nov 2024
Needham Mayank Tandon 67% 1-year accuracy 77 / 115 met price target	20% upside $265	Buy Maintained	15 Nov 2024
TD Cowen Bryan Bergin 93% 1-year accuracy 26 / 28 met price target	8% upside $240	Buy Maintained	15 Nov 2024