Cowen analyst Bryan Bergin lowered the firm’s price target on Globant to $192 from $207 and keeps an Outperform rating on the shares. The analyst said initial 1Q revenue/EPS targets are below Street while 2023 guidance underwrites a stable macro though the cadence of Globant’s organic growth target remains relatively level.
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Published first on TheFly
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Read More on GLOB:
- Globant Reports 2022 Fourth Quarter and Full Year Financial Results
- Globant sees FY23 non-IFRS adjusted EPS at least $5.70, consensus $5.99
- Globant sees Q1 non-IFRS adjusted diluted EPS at least $1.27, consensus $1.24
- Globant reports Q4 non-IFRS EPS $1.40, consensus $1.38
- Globant price target lowered to $221 from $224 at JPMorgan