Guggenheim initiated coverage of Globant with a Buy rating and $250 price target. Globant is showing resilience amid macroeconomic uncertainty and has demonstrated the strengths and differentiation of its customer relationships and Studio model, the analyst tells investors. The firm sees double-digit growth in the medium term for the Latin American-based digital pure-play, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GLOB:
- Globant price target lowered to $279 from $283 at Mizuho
- Globant price target raised to $290 from $257 at Piper Sandler
- Globant price target lowered to $262 from $264 at TD Cowen
- Epam Systems upgraded to Outperform at Scotiabank after ‘strong’ Q4
- Globant price target raised to $272 from $266 at KeyBanc
