Cantor Fitzgerald analyst Joseph Foresi maintained a Hold rating on Globant SA (GLOB) today and set a price target of $120.00. The company’s shares closed last Monday at $133.89, close to its 52-week high of $141.67.
According to TipRanks.com, Foresi is a top 25 analyst with an average return of 26.5% and a 90.4% success rate. Foresi covers the Technology sector, focusing on stocks such as International Business Machines, Fidelity National Info, and Global Payments.
Globant SA has an analyst consensus of Moderate Buy, with a price target consensus of $132.83, representing a -2.8% downside. In a report released today, Citigroup also maintained a Hold rating on the stock with a $128.00 price target.
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Based on Globant SA’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $15.08 million. In comparison, last year the company had a net profit of $11.51 million.
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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.
