Globant price target lowered to $78 from $90 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Globant (GLOB) to $78 from $90 and keeps a Neutral rating on the shares. Results and guidance were roughly in line with the Street, likely keeping the stock range-bound in the near term, though management expressed confidence in scaling its “AI Pods” business to a $60M-$80M exit annual recurring revenue in 2026 and returning to organic growth by mid-2026, the analyst tells investors in a research note.