This is what analysts have to say about Globant S.A. (NYSE:GLOB) after last week.

July 14, 2018 - By Sheila Pollock

Globant S.A. (NYSE:GLOB) LogoInvestors sentiment increased to 1.29 in 2018 Q1. Its up 0.06, from 1.23 in 2017Q4. It improved, as 8 investors sold Globant S.A. shares while 33 reduced holdings. 20 funds opened positions while 33 raised stakes. 20.94 million shares or 4.36% less from 21.90 million shares in 2017Q4 were reported.
56,300 were reported by Renaissance Technology Limited Liability. Goldman Sachs Grp Inc accumulated 43,560 shares. State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 55,440 shares. Grandeur Peak Global holds 381,750 shares or 2.22% of its portfolio. Price T Rowe Assocs Md has invested 0% in Globant S.A. (NYSE:GLOB). Comgest Glob Investors Sas owns 44,972 shares. Massachusetts Finance Ma holds 0.01% of its portfolio in Globant S.A. (NYSE:GLOB) for 515,546 shares. Wcm Invest Management Ca holds 38,832 shares. Thornburg Inv Mngmt Incorporated owns 194,827 shares for 0.08% of their portfolio. Mackenzie Financial Corp has 409,819 shares. Comml Bank Of Montreal Can holds 0% or 2,739 shares. 36,650 are owned by Dekabank Deutsche Girozentrale. Sei Investments Communication holds 0% or 1,786 shares. Sloane Robinson Llp reported 10.01% stake. Fil Limited has 121,357 shares.

Globant S.A. (NYSE:GLOB) Ratings Coverage

Among 5 analysts covering Globant SA (NYSE:GLOB), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Globant SA had 5 analyst reports since January 26, 2018 according to SRatingsIntel. The company was maintained on Friday, January 26 by Cowen & Co. JP Morgan maintained Globant S.A. (NYSE:GLOB) on Tuesday, February 20 with “Overweight” rating. The stock has “Outperform” rating by Wedbush on Tuesday, June 19. The rating was upgraded by SunTrust to “Buy” on Wednesday, April 4. Below is a list of Globant S.A. (NYSE:GLOB) latest ratings and price target changes.

19/06/2018 Broker: Wedbush Old Rating: Outperform New Rating: Outperform Old Target: $55 New Target: $65 Maintain
20/04/2018 Broker: HSBC Rating: Hold New Target: $48 Initiates Coverage On
04/04/2018 Broker: SunTrust Old Rating: Hold New Rating: Buy Upgrade
20/02/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $50 New Target: $54 Maintain
26/01/2018 Broker: Cowen & Co Rating: Buy New Target: $55.0 Maintain

The stock increased 0.22% or $0.13 during the last trading session, reaching $58.95. About 347,323 shares traded. Globant S.A. (NYSE:GLOB) has risen 29.17% since July 14, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Globant S.A. develops and provides software solutions to clients in North America, the Latin America, Europe, and Asia. The company has market cap of $2.11 billion. It offers API management, e-commerce, and digital solutions; graphics engineering, game engineering, gaming experience, VR/AR development, and digital platform services; Big Data services, such as data integration, data architecture, scalable platform, blockchain, data visualization, and data science; testing center, test automation, mobile testing, and load and performance testing services. It has a 67.68 P/E ratio. The firm also provides enterprise consumerization services, including enterprise operations, collaboration solutions, cloud development, and talent management; UX design services comprising service, user experience, industrial design, and visual design; and native development, product development, and enterprise mobility services for mobiles.

More news for Globant S.A. (NYSE:GLOB) were recently published by: Streetinsider.com, which released: “Globant (GLOB) Announces 5.82M Share Secondary Offering of Globant Shares by WPP” on June 20, 2018. Streetinsider.com‘s article titled: “Globant SA (GLOB) PT Raised to $70 at Cowen” and published on July 12, 2018 is yet another important article.

Globant S.A. (NYSE:GLOB) Ratings Chart

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