Guggenheim analyst Jonathan Lee lowered the firm’s price target on Globant (GLOB) to $220 from $240 and keeps a Buy rating on the shares. The calendar year 2025 organic revenue growth outlook of 9.5% year-over-year in constant currency fell short of “well-telegraphed expectations,” says the analyst, whose lower target reflects revised estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GLOB:
- Globant’s Strong 2024 Growth Driven by AI Innovation
- Closing Bell Movers: Booking gains 3%, Akamai down 8% on earnings
- Globant Achieves Record Revenue Growth in 2024, Forecasts Continued Success
- Globant down 7% at $194.90 after Q4 results, below-consensus guidance
- Globant reports Q4 EPS $1.75, consensus $1.74