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Fly News Breaks for February 21, 2020
GLOB
Feb 21, 2020 | 07:41 EDT
Cantor Fitzgerald analyst Joseph Foresi raised the firm's price target on Globant to $120 from $97 and keeps a Neutral rating on the shares. The analyst says that while the company continued its strong growth in Q4, he continues to look for a more-favorable risk/reward .
News For GLOB From the Last 2 Days
GLOB
Mar 27, 2024 | 07:26 EDT
BofA analyst Jason Kupferberg lowered the firm's price target on Globant (GLOB) to $216 from $245 and keeps a Neutral rating on the shares after having hosted CEO Martin Migoya, CFO Juan Urthiague and CTO Diego Tartara for virtual investor meetings. Despite Accenture's (ACN) bigger-than-expected guidance cut last week, Globant expressed confidence in Q1 and FY24 guidance in spite of continued choppiness in the macroeconomic outlook, the analyst tells investors. Citing read-throughs from peers and compression in comp group multiples, the firm lowered its target, noting that its multiple reflects an unchanged 40% premium to the comp group.