Weekly Investment Analysts’ Ratings Changes for Globant SA (GLOB)

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Globant SA (NYSE: GLOB) recently received a number of ratings updates from brokerages and research firms:

9/8/2016 – Globant SA had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $48.00 price target on the stock.
9/7/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $43.00 price target on the stock.
8/30/2016 – Globant SA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
8/23/2016 – Globant SA was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
8/16/2016 – Globant SA was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “
8/11/2016 – Globant SA had its price target raised by analysts at Citigroup Inc. from $41.00 to $48.50. They now have a “buy” rating on the stock.
8/11/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Pacific Crest.
8/11/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Jefferies Group. They now have a $37.00 price target on the stock.
8/11/2016 – Globant SA had its price target raised by analysts at JPMorgan Chase & Co. from $43.00 to $45.00. They now have an “overweight” rating on the stock.
8/8/2016 – Globant SA had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $43.00 price target on the stock.
7/19/2016 – Globant SA had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $28.00 price target on the stock.
7/18/2016 – Globant SA was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating.
7/12/2016 – Globant SA is now covered by analysts at Pacific Crest. They set a “sector weight” rating on the stock.
7/12/2016 – Globant SA was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Globant S.A. is a technology services provider. The Company provides engineering, design, and innovation services for clients. Globant offers content management systems; and e-commerce applications. It is also involved in the provision of data management solutions; and quality assurance engagement strategy, mobile testing, test automation, load and performance testing, and game testing services. It provides various software solutions primarily in North America, Europe, Latin America, and internationally. Globant S.A. is based in Luxembourg. “

Shares of Globant SA (NYSE:GLOB) opened at 39.41 on Friday. The stock’s 50 day moving average price is $41.05 and its 200 day moving average price is $36.84. Globant SA has a 12-month low of $22.50 and a 12-month high of $44.81. The company has a market cap of $1.35 billion, a P/E ratio of 41.48 and a beta of 1.20.

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Globant SA (NYSE:GLOB) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The firm earned $79.90 million during the quarter, compared to analysts’ expectations of $76.81 million. Globant SA’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. On average, analysts forecast that Globant SA will post $1.18 EPS for the current year.
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

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