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Fly News Breaks for February 20, 2020
GLOB
Feb 20, 2020 | 07:41 EDT
Wedbush analyst Moshe Katri raised his price target for Globant to $150 from $115 to reflect an attractive set-up into 2020 for both revenue growth and margin trends. The analyst believes current Street estimates are conservative and will likely be adjusted upward. Further, Katri says revenue growth will likely reaccelerate in 2020, as funding for multi-year, digital/SMAC based initiatives remains strong. He has an Outperform rating on the shares.
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