Globant SA stock hits 52-week low at 60.53 USD

Globant SA stock has reached a new 52-week low, hitting a price of 60.53 USD, down significantly from its 52-week high of 238.32 USD. This marks a significant downturn for the company, which has experienced a challenging year. According to InvestingPro analysis, the stock’s RSI indicates oversold territory, while the company maintains strong fundamentals with liquid assets exceeding short-term obligations. Over the past 12 months, Globant SA has seen its stock value decrease by 69.28%, reflecting broader market pressures and possibly company-specific challenges. Despite the decline, the company remains profitable with a P/E ratio of 24.28, and analysts maintain a bullish outlook with price targets ranging from 74 to 240 USD. This latest low underscores the volatility and uncertainty that have characterized the company’s recent performance, prompting investors to closely monitor future developments and potential recovery strategies. For deeper insights and additional analysis, including 12 more exclusive ProTips, check out the comprehensive research report available on InvestingPro.

In other recent news, Globant S.A. has experienced several adjustments in stock price targets from multiple analyst firms following its latest earnings report and guidance revisions. Mizuho reduced its price target to $91, down from $153, after Globant lowered its 2025 constant currency revenue growth guidance to at least 1%, or -1% when excluding acquisitions. Similarly, TD Cowen adjusted its target to $92 from $120, noting slower deal closures affecting the company’s outlook for the latter half of the year. Needham also decreased its price target to $85 from $115, highlighting a weaker demand outlook despite slightly better-than-expected second-quarter results. UBS cut its price target significantly to $75 from $120, maintaining a Neutral rating as Globant shares have fallen 30% since their last update. Jefferies lowered its target to $80 from $110, citing near-term headwinds and a second consecutive guidance downgrade. These recent developments reflect ongoing challenges for Globant, including reduced growth forecasts and demand pressures, particularly in North America.

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