Globant assumed with a Hold at Canaccord

Canaccord assumed coverage of Globant (GLOB) with a Hold rating and a price target of $97, down from $165. The firm assumes a return to mid-single-digit organic growth in 2026 and sustained 20%-plus EBITDA margins, the analyst tells investors. The firm sees Globant having “a high-quality platform with reacceleration potential in an AI-native world,” the analyst added.