.jpg "Globant SA (NYSE: GLOB)")
Cantor Fitzgerald analyst Joseph Foresi maintained a Hold rating on Globant SA (GLOB) today and set a price target of $67. The company’s shares closed yesterday at $68.26, close to its 52-week high of $69.90.
Foresi commented:
“. We maintain our Neutral rating and raise our 12-month PT to $67 from $57 on shares of GLOB. We continue to look for a more-favorable risk/ reward. The company reported strong top-line quarterly results as its high potential accounts performed well, and it issued 2019 revenue and EPS guidance. Management believes SG&A leverage will continue to have a positive effect on margins, but may be slower than usual in 2019. We like Globant’s positioning at the heart of the digital movement and continue to look for an opportunity to become more constructive.”
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 19.8% and a 85.0% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.
Currently, the analyst consensus on Globant SA is a Strong Buy with an average price target of $68.
See today’s analyst top recommended stocks >>
The company has a one-year high of $69.90 and a one-year low of $43.29. Currently, Globant SA has an average volume of 221K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Globant SA engages in the provision of information technology services. It offers application development and maintenance, testing, and infrastructure management. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne and Néstor Nocetti in 2003 and is headquartered in Luxembourg.
