Mizuho Securities analyst Dan Dolev maintains $Globant (GLOB.US)$ with a buy rating, and adjusts the target price from $252 to $247.
According to TipRanks data, the analyst has a success rate of 55.5% and a total average return of 2.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Globant (GLOB.US)$'s main analysts recently are as follows:
Following the Q3 results, it was observed that Globant experienced a healthy organic FX-neutral growth of 9% year-over-year, which is indicative of its growing market share and the achievement of new business deals. Most regions and industry verticals exhibited sequential growth. The broadening recovery in demand suggests a positive outlook for FY25, with management signaling expectations for a modest improvement in organic growth in the coming year.
Globant's relative growth continues to outperform, despite the shares being valued to reflect this. The company's strong client performance, potential in the Middle East, and favorable trends within certain verticals and artificial intelligence are promising, although the recovery remains inconsistent.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
