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Fly News Breaks for April 10, 2019
GLOB
Apr 10, 2019 | 09:46 EDT
Morgan Stanley analyst Cesar Medina started Globant with an Overweight rating and $85 price target. The analyst believes the company should benefit from "robust" digital transformation demand and "world-class" human talent. This should support 21% annual revenue growth through 2020 with 20%-plus margin, Medina tells investors in a research note. Latin America "finally has a conducive backdrop to both deploy and adopt digital technologies," adds the analyst.
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