Canaccord analyst Luke Morison lowered the firm’s price target on Globant (GLOB) to $50 from $70 and keeps a Hold rating on the shares. The firm said they posted better Q4 results but it was a low-bar quarter for a beaten-down name, and Globant largely cleared it. More encouragingly, the company reported its strongest quarterly bookings of the year, up 32% year-over-year.
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Read More on GLOB:
- Globant price target lowered to $78 from $90 at Goldman Sachs
- Globant Posts Record 2025 Cash Flow as It Accelerates Shift to AI-Driven Service Model
- Globant sees Q1 adjusted EPS $1.44-$1.54, consensus $1.48
- Globant sees FY26 adjusted EPS $6.10-$6.50, consensus $6.26
- Globant reports Q4 adjusted EPS $1.54, consensus $1.54