Globant price target lowered to $220 from $240 at Guggenheim

Guggenheim analyst Jonathan Lee lowered the firm’s price target on Globant (GLOB) to $220 from $240 and keeps a Buy rating on the shares. The calendar year 2025 organic revenue growth outlook of 9.5% year-over-year in constant currency fell short of “well-telegraphed expectations,” says the analyst, whose lower target reflects revised estimates.