Globant price target lowered to $225 from $255 at Susquehanna

Susquehanna lowered the firm’s price target on Globant (GLOB) to $225 from $255 and keeps a Positive rating on the shares. The firm said checks are indicating a further deterioration in what Globant calls “Professional Services,” where clients like Deloitte, in aggregate represent about 10% of revenues. Susquehanna now assumes a more material double-digit decline in the Professional Services segment and lower 1Q25 and FY25 estimates.