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NEW YORK - Globant (NYSE:GLOB), currently trading at $60.23 and identified as undervalued by InvestingPro analysts, announced Monday it has incorporated OpenAI’s Agentic Commerce Protocol (ACP) into version 2.3 of its Globant Enterprise AI (GEAI) platform, enabling AI agents to complete purchases through conversational interfaces.
The digital technology company integrated the protocol within hours of OpenAI’s announcement, allowing its enterprise clients to build AI agents with transactional capabilities. The updated platform leverages existing payment systems and fulfillment processes to facilitate AI-driven transactions.
According to the company, GEAI 2.3 will be available in the coming days exclusively by invitation and through a waitlist.
"We are taking a major step forward by introducing transactional capabilities to AI Agents," said Martín Migoya, Co-founder and CEO of Globant, in a press release statement.
The latest update follows Globant’s recent integration of Model Context Protocol (MCP) and Agent-to-Agent (A2A) communication into its platform, which the company says enhances interoperability for enterprise AI solutions.
Gastón Milano, CTO of Globant Enterprise AI, stated that the platform allows organizations to create and configure their own agents through a conversational interface, with the new version enabling agents to execute transactions "securely and at scale."
Globant claims organizations using its Enterprise AI platform have reported an 80% reduction in legacy system modernization times and a 50% reduction in software development costs.
The company, which employs over 30,000 people across 35 countries, serves clients including Google, Electronic Arts, and Santander. Despite a challenging market environment that has seen its stock decline over 68% in the past year, Globant maintains healthy financials with $2.48 billion in revenue and a gross profit margin of 36%. Get deeper insights into Globant’s financial health and growth potential with InvestingPro, which offers exclusive analysis and 8 additional ProTips for informed investment decisions.
In other recent news, Globant S.A. announced a new share repurchase program valued at up to $125 million, with the board authorizing up to $50 million per quarter for repurchasing common shares. This program will commence in the fourth quarter of 2025 and continue through the fourth quarter of 2026. Additionally, Globant has signed a multi-year strategic collaboration agreement with Amazon Web Services (AWS) to enhance support for cloud migrations and generative AI adoption. This agreement aims to bolster digital transformation initiatives across various industries, including Media and Entertainment, Gaming, and Banking.
In terms of analyst actions, Jefferies has lowered its price target for Globant to $80 from $110, citing near-term headwinds and maintaining a Buy rating. UBS has also reduced its price target to $75 from $120, maintaining a Neutral rating, following a significant decline in Globant’s share price. Both firms have noted the challenges facing the company, with UBS highlighting a 30% drop in Globant shares since their last update. These developments reflect the current landscape and strategic moves within Globant.
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