William Blair analyst Maggie Nolan has maintained their bullish stance on GLOB stock, giving a Buy rating today.
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Maggie Nolan’s rating is based on several positive indicators from Globant’s recent performance and future outlook. The company reported fiscal third-quarter results that surpassed revenue expectations, which suggests a stabilization of client demand trends despite a challenging macro environment. Additionally, management’s guidance for the fourth quarter, while slightly below consensus, was accompanied by optimistic projections for growth in 2026, particularly in professional services.
Globant’s pipeline growth, which accelerated to 30% year-over-year, and improved conversion rates indicate a strong potential for future expansion. The company’s strategic focus on AI and data-related projects, including the successful launch of its AI-pods subscription model, further supports this outlook. These factors, combined with effective cost management, contribute to Maggie Nolan’s Buy rating for Globant, as the company is well-positioned to capitalize on emerging technology trends.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $69.00 price target.