Globant price target lowered to $150 from $220 at Guggenheim

Guggenheim lowered the firm’s price target on Globant (GLOB) to $150 from $220 and keeps a Buy rating on the shares. The firm is cautious into this quarter’s results, given channel conversations surfacing deal delays and softness in existing work signed, and updated estimates to reflect industry discussions, the analyst tells investors in a preview. While the firm continues to expect Globant to deliver industry-leading growth in 2025, it suspects that the company is not immune to growth slowdown in the current fluid environment, the analyst added.