Do Analysts Agree Wednesday on Globant SA (GLOB) Stock's Target Price?

Wall Street is positive on Globant SA (GLOB). On average, analysts give GLOB a Strong Buy rating. The average price target is $356.714, which means analysts expect the stock to increase by 47.61% over the next twelve months. That average ranking earns GLOB an Analyst Rating of 58, which is better than 58% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating GLOB a Strong Buy today. Find out what this means to you and get the rest of the rankings on GLOB!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Globant SA Stock Today?

Globant SA (GLOB) stock has risen 1.29% while the S&P 500 has fallen -0.17% as of 3:04 PM on Wednesday, Jan 19. GLOB is higher by $3.08 from the previous closing price of $238.58 on volume of 243,996 shares. Over the past year the S&P 500 has risen 20.29% while GLOB is higher by 13.46%. GLOB earned $2.06 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 117.62. Click Here to get the full Stock Report for Globant SA stock.