Globant price target lowered to $153 from $194 at Mizuho

Mizuho analyst Dan Dolev lowered the firm’s price target on Globant (GLOB) to $153 from $194 and keeps an Outperform rating on the shares following the Q1 report. The company lowered its 2025 revenue growth guidance due to lower Latin America expectations, notably in Brazil and Mexico, which has resulted in deal delays as well as slower conversion in the U.S., the analyst tells investors in a research note. The firm says that although the results are “clearly disappointing,” these are transitory macro issues and the longer-term story remains intact.